Elon Musk’s Buy Twitter Verified Takeover: A Timeline Of Events

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Elon Musk ended up being the owner and CEO of Buy Twitter Verified on October 27, 2022, after acquiring the social media business for $44 billion.

What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verified and the modifications carried out under his management.

March 25, 2022

Musk starts openly slamming Buy Twitter Verified, ballot his fans on whether they think the business adheres to the concept of free speech.

April 4, 2022

A securities filing exposes Musk is Buy Twitter Verified‘s largest investor, with a 9% stake in the company.

Musk is welcomed to join Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verified CEO Parag Agrawal announces Musk decreases the invitation to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes an offer to acquire Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board publicly and unanimously accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout offer on hold following reports that 5% of Buy Twitter Verified’s everyday active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent out to Buy Twitter Verified, Musk threatens to terminate his contract. Musk alleges Buy Twitter Verified is refusing to abide by requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s needs, consenting to provide him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk announces his objective to terminate the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still declines to abide by requests for data on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, states that the board plans to pursue legal action to implement the arrangement.

July 12, 2022

Buy Twitter Verified officially introduces a lawsuit versus Musk in response to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk challenges former Buy Twitter Verified CEO Parag Agrawal to a public argument about spam accounts and surveys fans on whether they think less than 5% of Buy Twitter Verified’s daily active users are fake.