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Justapedia is an open and freely accessible online encyclopedia published in American English. Justapedia launched to the public on August 9, 2023, and is being developed and maintained by volunteers through open collaboration on a MediaWiki based editing platform. The platform and tools to edit are hosted and operated by the Justapedia Foundation, a US-based tax deductible 501(c)(3) charitable organization for educational purposes; Justapedia® is the registered trademark of the Justapedia Foundation (JPF). Any and all items that have been forked from Wikipedia or other independent wikis that still contain forked content are properly attributed per their CC-BY-SA and GFDL licensing requirements. Justapedia's own newly created articles are subject to the same licensing requirements as the originating articles, which are being systematically updated and rewritten to reflect Justapedia's standards of neutrality and objectivity.

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Outline of ancient Greece
American football
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From Justapedia
Acquisition of Twitter by Elon Musk Next Arrow.svg

The acquisition of Twitter by Elon Musk concluded on October 27, 2022, when Musk purchased Twitter, Inc. for $44 billion, taking the company private. From January to April 2022, Musk acquired a 9.2 percent stake, becoming Twitter’s largest shareholder.[1] His April 14 offer of $43 billion led to negotiations, culminating in Twitter accepting a $44 billion deal on April 25.[2] Legal disputes arose when Musk attempted to withdraw in July, citing issues with spambot accounts, but he finalized the purchase after a Delaware court battle.[3] Musk became CEO, dismissing key executives, including CEO Parag Agrawal. The platform was rebranded as X in July 2023, and xAI acquired it in March 2025 for $33 billion in stock.[4]

Background

Elon Musk joined Twitter, Inc. in June 2010, building a following of over 80 million by April 2022.[5] In 2017, he responded to a suggestion to buy Twitter, asking, “How much is it?”[6] In March 2022, Musk posted about free speech, polling users on Twitter’s role in democracy.[7] He held discussions with Twitter co-founder Jack Dorsey and Silver Lake co-CEO Egon Durban about joining the board or acquiring the company.[8] Musk pitched privatization or a competing platform to board chair Bret Taylor and CEO Parag Agrawal.[9]

Early developments

On January 31, 2022, Musk began buying Twitter shares, disclosing a 9.2 percent stake ($2.64 billion) on April 4, making him the largest shareholder.[10] Twitter’s stock jumped 27 percent, its biggest intraday gain since its 2013 initial public offering.[11] On April 5, Twitter offered Musk a board seat, which he accepted, limiting his stake to 14.9 percent.[12] On April 11, Musk declined the position, signaling plans to buy the company.[13] On April 12, shareholder Marc Bain Rasella sued Musk, alleging stock manipulation and Securities and Exchange Commission violations.[14]

Buyout offer

Takeover bid

On April 14, 2022, Musk offered $43 billion ($54.20 per share) to buy Twitter and take it private.[15] Twitter’s board said it would review the offer.[16] On April 15, Twitter adopted a poison pill, allowing shareholders to buy stock if anyone acquired over 15 percent, effective until April 14, 2023.[17] On April 20, Musk secured $46.5 billion from banks like Morgan Stanley, including $13 billion in loans to Twitter, $12.5 billion against his Tesla stock, $20 billion in cash, and $7.1 billion from investors.[18] On April 22, Musk formed three “X Holdings” companies, foreshadowing the 2023 rebranding to X.[19]

Acquisition announcement

On April 23, 2022, Musk told board chair Bret Taylor his $43 billion offer was final, urging acceptance. ... Read more

From Wikipedia
Acquisition of Twitter by Elon Musk Next Arrow.svg

Businessman and U.S. political figure Elon Musk initiated an acquisition of the American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter's board responded with a "poison pill" strategy to resist a hostile takeover before unanimously accepting Musk's buyout offer of $44 billion on April 25. Musk stated that he planned to introduce new features to the platform, make its algorithms open-source, combat spambot accounts, and promote free speech, framing the acquisition as the cornerstone of X, an "everything app".

In July, Musk announced his intention to terminate the agreement, asserting that Twitter had breached their agreement by refusing to crack down on spambot accounts. The company filed a lawsuit against Musk in the Delaware Court of Chancery shortly thereafter, with a trial scheduled for the week of October 17. Weeks before the trial was set to begin, Musk reversed course, announcing that he would move forward with the acquisition. The deal was closed on October 28, with Musk immediately becoming Twitter's new owner and CEO. Twitter was taken private and merged into a new parent company named X Corp. Musk promptly fired several top executives, including previous CEO Parag Agrawal. Musk has since proposed several reforms to Twitter and laid off half of the company's workforce. Hundreds of employees then resigned from the company after Musk issued an ultimatum demanding they commit to "extremely hardcore" work. Linda Yaccarino was appointed CEO of X Corp. In July 2023, the Twitter service was rebranded as X.

Reactions to the buyout were mixed, with praise for Musk's planned reforms and vision for the company, particularly his calls for greater free speech, but criticism over fears of a potential rise in misinformation and disinformation, harassment, and hate speech on the platform. Within the United States, conservatives have largely supported the acquisition, while many liberals and former Twitter employees have voiced concerns about Musk's intentions. Since becoming owner, Musk has faced backlash for his handling of the company and account suspensions, including the December 2022 suspensions of ten journalists.

Prelude

Background

Businessman Elon Musk published his first tweet on his personal Twitter account in June 2010,[20] and had more than 80 million followers by April 2022.[21] In 2017, in response to a tweet suggesting that he buy Twitter, Inc., Musk replied, "How much is it?" [22] On March 24, 2022, Musk began tweeting criticisms of Twitter,[23] polling ... Read more


Selected Quote

Quote

— Abraham Lincoln

"Understanding the spirit of our institutions to aim at the elevation of men, I am opposed to whatever tends to degrade them."

Selected Image

Aasee with pier and restaurants in Münster (North Rhine-Westphalia, Germany) at dawn
Aasee with pier and restaurants in Münster (North Rhine-Westphalia, Germany) at dawn

Selected sports

XXXX15 - Angela Ballard - 3b - 2016 Team processing.jpg
Angela Ballard is an Australian Paralympic athlete who competes in T53 wheelchair sprint events. She became a paraplegic at age 7 due to a car accident.
Ⓒ Image credit • Read more

Selected films

Captain-america serial poster.jpg
Captain America, a superhero created by Joe Simon and Jack Kirby who appears in comic books and related media produced by Marvel Comics and its corporate predecessors Timely Comics and Atlas Comics, has appeared in multiple films since the character's inception in 1940.
Ⓒ Image credit • Read more

Selected foods

New York Strip with Beurre Maitre d'Hotel, potatoes and creamed spinach.jpg
Beurre maître d'hôtel, also referred to as maître d'hôtel butter, is a type of compound butter of French origin, prepared with butter, parsley, lemon juice, salt and pepper. It is a savory butter that is used on meats such as steak, fish, vegetables and other foods.
Ⓒ Image credit • Read more

Recent News

Recent Political

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References
  1. ^ "Schedule 13G". U.S. Securities and Exchange Commission. April 4, 2022.
  2. ^ "Twitter accepts Elon Musk's $44 billion deal". The New York Times. April 25, 2022.
  3. ^ "Elon Musk Completes Twitter Takeover". The Wall Street Journal. October 27, 2022.
  4. ^ "xAI to Acquire X Corp in $33 Billion All-Stock Deal". Bloomberg. March 31, 2025.
  5. ^ Imbert, Fred (April 4, 2022). "Twitter shares close up 27% after Elon Musk takes 9% stake". CNBC.
  6. ^ Mankarious, Sarah-Grace (April 26, 2022). "Here's what Elon Musk has tweeted over the years about Twitter". CNN Business.
  7. ^ Duffy, Kate (April 5, 2022). "Elon Musk asks Twitter users whether they'd like an 'edit' button". Business Insider.
  8. ^ Nover, Scott (May 20, 2022). "An annotated timeline of Elon Musk buying Twitter". Quartz.
  9. ^ Nover, Scott (May 20, 2022). "An annotated timeline of Elon Musk buying Twitter". Quartz.
  10. ^ Kolodny, Lora (April 5, 2022). "Elon Musk spent $2.64 billion on Twitter shares". CNBC.
  11. ^ Turner, Giles (April 4, 2022). "Elon Musk Takes 9.2% Stake in Twitter". Bloomberg News.
  12. ^ Duffy, Clare (April 5, 2022). "Elon Musk to join Twitter's board". CNN Business.
  13. ^ Bond, Shannon (April 11, 2022). "Elon Musk says he will not join the Twitter board". NPR.
  14. ^ Smith, Zachary Snowdon (April 12, 2022). "Twitter Shareholder Sues Musk". Forbes.
  15. ^ Turner, Giles (April 14, 2022). "Elon Musk Makes $43 Billion Bid". Bloomberg News.
  16. ^ Subin, Samantha (April 14, 2022). "Elon Musk offers to buy Twitter". CNBC.
  17. ^ Manfredi, Lucas (April 15, 2022). "Twitter adopts 'poison pill'". Fox Business.
  18. ^ Spangler, Todd (April 21, 2022). "Elon Musk Secures $46.5 Billion". Variety.
  19. ^ Manfredi, Lucas (April 22, 2022). "Elon Musk registers 'X Holdings'". Fox Business.
  20. ^ D'Onfro, Jillian; Ranj, Brandt (January 20, 2022). "The very first tweets from famous tech execs like Elon Musk and Marissa Mayer". Business Insider. Archived from the original on January 22, 2016. Retrieved April 25, 2022.
  21. ^ Imbert, Fred (April 4, 2022). "Twitter shares close up 27% after Elon Musk takes 9% stake in social media company". CNBC. Archived from the original on April 4, 2022. Retrieved April 25, 2022.
  22. ^ Mankarious, Sarah-Grace; Chacón, Marco; Duffy, Clare; Thorbecke, Catherine (April 26, 2022). "Here's what Elon Musk has tweeted over the years ... about Twitter". CNN Business. Archived from the original on April 27, 2022. Retrieved April 27, 2022.
  23. ^ Adler, Maxwell; Hull, Dana; Paris, Martine (April 25, 2022). "A Timeline of Elon Musk's Takeover of Twitter". Yahoo! Finance. Archived from the original on April 25, 2022. Retrieved April 25, 2022.
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