Twitter Inc. said that Silver Lake will make a $1 billion investment in the company. That money, along with cash on hand, is expected to be put toward a $2 billion stock buyback.
Elliott Management Corp., which owns about 4% of Twitter’s stock, will get one seat on Twitter’s board. Silver Lake will also get a board seat.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE
March 13, 2020