Timeline: Elon Musk Seeks To End $44 Billion Twitter Pursuit
Reuters
2 mins read
Jul 09, 2022, 12:46 PM
Elon Musk has said he intends to terminate his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement.
Twitter said it would pursue legal action to enforce the deal.
Below is a snapshot of the Twitter takeover saga.
Date | Development | Twitter Share Reaction |
| April 4 | Elon Musk discloses over 9% stake in Twitter | Jumps as much as 31% |
| April 5 | Twitter says Musk will join company's board | Rises over 9% |
| April 10 | Musk says he will not join Twitter board | Falls 3.3% |
| April 14 | Musk offers $54.20/share, a 38% premium to Twitter's April 1 closing price | Rises 6% |
| April 15 | Twitter adopts poison pill to protect company from takeover | Gains 1.4% in next session; trails offer by 13% |
| April 21 | Musk lines up $46.5 billion in financing for the deal | Adds 2.6%; but still trails Musk's offer by 11.5% |
| April 25 | Twitter board accepts Musk's offer | Climbs ~ 7%; trades 3.5% below offer price |
| April 29 | Musk sells Tesla shares worth over $8 billion in a bid to finance takeover | Rises 2.3%; trades 7.3% below offer price |
| May 2 | Musk seeks to get more external investors | Falls 0.8% in the next session; trades ~10% below offer. price |
| May 5 | Musk discloses $7.14 billion funding; sources tell Reuters that Musk could temporarily lead Twitter after deal closes | Rises 4.4%; trades 5.5% below offer price |
| May 11 | Twitter co-founder Jack Dorsey says he will not return as CEO if offered | Falls ~6% in the next session; trades 20% below offer price |
| May 13 | Musk says Twitter deal on hold pending review of spam and fake accounts. Later tweets that he remains committed to the deal | Drops 11% before paring losses; trades 26% below offer price |
| May 25 | Twitter investors vote against re-electing Elon Musk ally to board. Musk pledges more equity to fund Twitter deal, scraps margin loan | Rises ~6% in the next session; trades 27% below offer price |
| May 26 | Musk sued by Twitter investors for stock 'manipulation' during takeover bid | Rises ~6%; trades 27% below offer price |
| May 27 | SEC looking into Musk's Twitter stake purchase | Rises 1%; trades 26% below offer price |
| June 6 | Musk threatens to walk away from the buyout deal if Twitter fails to provide data on spam and fake accounts | Drops 4%; trades 29% below offer price |
| July 8 | Musk said he is terminating the deal because Twitter breached multiple provisions of the merger agreement | Falls 7% in extended trading |
Latest News
car&bike Team | May 7, 2026Maruti Suzuki Eeco Gets New ‘Star Edition’ Accessory PackageMaruti Suzuki has introduced a new Star Edition package for the Eeco, offering 18 accessories worth Rs 20,000.1 min read
car&bike Team | May 7, 2026Volkswagen Golf GTI Edition 50 Becomes Fastest FWD Production Car At NurburgringIn its second run at the Green Hell, Volkswagen’s Golf GTI Edition 50 lapped the circuit in 7:44.523 minutes.1 min read
Jaiveer Mehra | May 7, 2026Lexus TZ Electric SUV Unveiled; 3-Row SUV Offers Up To 530 km RangeLexus’ first-ever three-row electric SUV shares its underpinnings with the new Toyota Highlander EV unveiled earlier in the year.1 min read
car&bike Team | May 7, 2026Royal Enfield To Set Up New Two-Wheeler Manufacturing Facility In Andhra Pradesh At A Cost Of Rs 2,200 CroreThe new facility is expected to add 9 lakh units to RE’s annual production capacity.2 mins read
car&bike Team | May 6, 2026Harley-Davidson Sprint To Be Introduced Based On Made-in-India X440Harley-Davidson is set to introduce affordable models including a 440 cc global model and a new Sportster in a bid to kick-start turnaround.3 mins read
car&bike Team | May 6, 2026TVS iQube S 4.7 kWh Launched At Rs 1.54 LakhThe 4.7 kWh battery pack option is only offered on the S trim of the iQube.2 mins read
Jafar Rizvi | May 3, 2026River Indie Gen 3 Long Term Report: 1 Month, 400 km AfterAfter a month and 400 km, the River Indie impresses with its utility-first approach, smooth ride and standout design, despite a few everyday usability compromises.8 mins read
Bilal Firfiray | May 2, 2026Volkswagen Taigun Facelift Review: Still The Driver’s SUV, But Improved!The updated Volkswagen Taigun gets a new 8-speed automatic, a refreshed design, and added features. But does it still deliver the best driving experience in the C-SUV segment?5 mins read
Shams Raza Naqvi | Apr 29, 2026Toyota Innova Hycross Vs Mahindra XEV 9S: Choosing The Right Three Row Family MoverIn a battle of three-row cars the electric Mahindra XEV 9S takes on the Toyota Innova Hycross. Which one ticks more boxes?1 min read
Janak Sorap | Apr 26, 2026BMW F 450 GS First Ride Review: Almost A Proper GS With Big Bike DNANew 420cc twin, premium build, feature-loaded and Easy Ride Clutch — but does it deliver where it truly matters?8 mins read
Seshan Vijayraghvan | Apr 25, 20262026 MG Majestor Review: Bold, Feature-Packed And Off-Road ReadyWe spent time with the MG Majestor to see how much of an improvement it is over the Gloster, and whether it can take on the segment leader – Toyota Fortuner.9 mins read