Twitter, Unipol is the only Italian investor in the Musk- Corriere.it consortium
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Unipol will take part, the only Italian entity and one of the few in Europe, in the club deal of international investors that supports Elon Musk in the $ 44 billion acquisition of Twitter. To break the newsHandle, who learned this from financial sources. At the moment I don’t know the amount of the Italian group’s investment, which in any case should be limited to a small stake. The entry of Unipol appears to be dictated not only by financial logic, but also by the choice to expand towards a series of industrial ecosystems contiguous to the core insurance business in which technological leverage plays a fundamental role.
The acquisition
The richest man in the world, Elon Musk, has completed the Twitter acquisition for $ 44 billion, according to a document filed with the US government. The operation was completed just in time to avoid the start of the trial for non-compliance with the agreements that the court had suspended, but only until 5 pm today, Friday 28 October. A few hours after the announcement, Musk tweeted the free bird. His first was the immediate firing of Twitter’s four top executives: CEO Parag Agrawal, Chief Financial Officer Ned Segal, General Counsel Sean Edgett and Head of Legal Affairs and Security, Vijaya Gadde. On Wednesday, October 26, the founder of Tesla and Space X walked into the Twitter headquarters with a ceramic sink in his hand. In support of the video posted on the social network he had written let that sink in, a way of saying digest the thing, but whose literal meaning you let that sink in.
The delisting
On Friday, October 28, Twitter filed with the SEC the documents demanding that its securities be removed from the New York Stock Exchange, in what the first step in the delisting from Wall Street demanded by Elon Musk. As part of the deal, Musk will merge Twitter and X Holdings, a company created in Delaware to manage the deal. All Twitter shares will be bought by X, who will have control of the platform, while Musk will have control of the company. In September, Twitter shareholders approved the sale to Musk for $ 54.20 per share. Tesla’s founder is now expected to appoint a new board of directors made up of friends and investors who helped him finance the deal.
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