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All news by: Marco de Matos, Anchor Research

Wedbush highlights options available to Elon Musk in his battle for control of Twitter

On 14 April, Tesla and SpaceX CEO Elon Musk made a final unsolicited bid for Twitter at US$54.20/share. The bid was made after Musk had acquired 9.2% of its shares and declined a seat on the company’s board. However, since then, Twitter has adopted a poison pill approach to prevent him from taking over the company. The details of poison pill approaches differ by company, but it is designed to give a company’s board the option to flood the market with so much newly created shares that a takeover becomes prohibitively expensive.

Amazon To Acquire MGM Studios

Amazon, the world's largest online retailer, is in talks to buy US movie studio MGM for c. US$9bn. MGM was forced into bankruptcy about 10 years ago, after piling up debt of c. US$4bn. Marco de Matos has a closer look.

Tesla Invests in Bitcoin

Electric vehicle (EV) and battery manufacturer, Tesla has invested US$1.5bn in cryptocurrency, bitcoin and will have made a c. US$1bn paper profit from this investment, according to a report by Wedbush Securities. Marco de Matos has a closer look. 

Alibaba Affiliate Ant Group’s Listing Could Be the World’s Largest IPO

Alibaba affiliate, Ant Group’s (Ant’s) listing could turn out to be the biggest initial public offering (IPO) in history as it chases a valuation that would rival the world’s biggest payment firms.

Tesla’s Energy Storage Business’ Revenue Contribution Could Soar over the Next Decade

Known for its electric vehicles, expectations are that Tesla’s energy storage business segment has enormous growth potential. It is estimated that this segment’s revenue contribution could jump from FY19’s $1.5bn to an impressive $12.4bn by FY23, crossing the $200bn revenue mark by FY33.