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

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after obtaining the social media company for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the changes executed under his management.

March 25, 2022

Musk starts honestly criticizing Buy Twitter Verified, ballot his fans on whether they think the company complies with the principle of complimentary speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s biggest shareholder, with a 9% stake in the company.

Musk is welcomed to sign up with Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes a deal 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 openly and unanimously accepted Musk’s buyout deal.

Musk tweets:

May 13, 2022

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

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk alleges Buy Twitter Verified is declining to abide by ask for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s demands, agreeing to supply him with a “firehose” information stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

Musk reveals 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 information on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, says that the board plans to pursue legal action to enforce the agreement.

July 12, 2022

Buy Twitter Verified formally releases a suit against Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

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