![]() ![]() May 12 – Twitter announces a temporary hiring freeze, pending Musk's acquisition and two top executives leave the company. The remarks from Musk were made virtually at an auto conference. May 10 – Musk says he would reverse Twitter's ban of the account that belongs to former President Donald Trump. May 6 – In a pitch deck for investors, Musk says he will quintuple Twitter's revenue by 2028, increasing annual earnings to $26.4 billion, the New York Times reports. May 4 – Musk secures more than $7 billion in financing for the deal, including commitments from Oracle co-founder Larry Ellison, venture capital firm Sequoia Capital and cryptocurrency exchange Binance, according to a securities filing. MORE: Twitter says it will sue Elon Musk to complete the $44B merger he just rejected and is "confident" it will prevailĪpril 29 – Over a three-day period after Musk and Twitter reach a deal, and he sells about $8.5 billion worth in Tesla stock to help finance the bid. March 14 – Musk's stake in Twitter reaches 9.2%, making him the largest shareholder in the company, according to a securities filing. Late January – Musk begins investing in Twitter, according to information filed with the Securities and Exchange Commission in April. Below is a timeline of Musk's bid to acquire the social media platform, and what has happened since he took ownership. Over the course of the saga, Musk has been cast as a suitor, critic and legal adversary of Twitter, where he boasts 115 million followers. ![]() In May, when Musk said the deal was on "temporary hold" over bot concerns, Dan Ives, a managing director of equity research at Wedbush, an investment firm, told ABC News the grievance could serve as a pretext for Musk to renegotiate or abandon the deal amid a market downturn that had proven especially pronounced for tech stocks. Twitter rebuked that claim, saying it has provided Musk with information in accordance with conditions set out in the acquisition deal. ![]() Musk reached an acquisition deal with Twitter in April, but over the ensuing weeks, he raised concerns over spam accounts on the platform, claiming Twitter had not provided him with an accurate estimate of their number. ![]()
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