Elon Musk

Welcome to Digiday’s DealBook. Our focus is to create a quick and easy rundown of the deals, acquisitions and hires that took place the previous week. The goal is to inform and update you on the latest happenings in the industry at the top of your inbox each Monday. — Carly…

If you want to see how technology and deglobalisation are changing the global economy, there are few better places to look than the car industry. Not only is it going through an epochal shift: away from the internal-combustion engine (ice) and towards electric vehicles (evs). Automobiles are also becoming, in…

Twitter has agreed to provide a set of user data to Elon Musk, who claims he can bail on his $44 billion takeover of the social media company if it misrepresented how many of its accounts are bots, The Washington Post first reported and Axios confirmed. Yes, but: This isn't…

The Twitter/Elon Musk saga is moving to the next uncomfortable stage, with Twitter now planning to provide Musk’s team with its ‘full firehose’ of tweets, in order to let Musk determine for himself the amount of fake and bot profiles in the app. Earlier this week, Musk’s legal team filed…

Traditionally, negotiations around mergers and acquisitions take place behind the scenes. Bankers and lawyers from both sides — the acquirer and the target — talk away from the media spotlight.  The media generally discover the existence of a potential transaction via leaks, an official filing or a vetted press release from…

Hey, remember a couple weeks back, when an 18-year-old gunman entered a Uvalde, Texas, elementary school and murdered 19 children and two adults with the weapon he’d bought just days earlier? And the police inexplicably waited outside? And then numerous parts of their story changed re: why they’d screwed up…

Tuesday’s nonpartisan primary for mayor of Los Angeles is going to have reverberations well beyond California.  The race to represent the country’s second-largest city pits Democratic Rep. Karen Bass against Rick Caruso, a billionaire real estate developer and longtime Republican who switched his party affiliation to Democratic this year to…

Tesla CEO Elon Musk made his biggest direct threat yet to pull out of a deal to buy Twitter on Monday. In a new securities filing, an attorney for Musk argued that he has a right to scrap the deal since he’s not satisfied with Twitter’s responses to his requests…

Shares of Twitter Inc. fell Monday after Elon Musk said he could terminate the merger deal if the social-media company continues, in his view, to refuse to provide the information he requested regarding spam and fake accounts. Musk said in a letter to Twitter, via the law firm Skadden, Arps,…

Twitter Inc. reiterated it would hold Elon Musk accountable to the terms of his proposed $44 billion takeover offer after the Tesla CEO again threatened to pull out of the deal over the issue of bots. In a securities filing on Monday, Musk said he believes Twitter is breaching their…