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New Delhi: The decision of the <keyword id="20330004" type="General" weightage="100" keywordseo="Defence-Acquisition-Council" source="keywords" meta.keywordsubtype="org" meta.entityname="Defence Acquisition Council" meta.hostid="261" meta.entityid="Defence Acquisition Council">Defence Acquisition Council</keyword> (DAC) to accept 10 <keyword id="22515789" type="General" weightage="20" keywordseo="capital-acquisition" source="keywords">capital acquisition</keyword> proposals worth Rs 1.4 trn will not only boost <keyword id="23034601" type="General" weightage="20" keywordseo="domestic-defence-manufacturing" source="keywords">domestic defence manufacturing</keyword> but will contribute to the growth of the <keyword id="20362868" type="General" weightage="20" keywordseo="PSU-companies" source="keywords">PSU companies</keyword> in the defence sector, highlighted a report by Antique Stock Broking. The report noted that the growth of domestic defence manufacturing in the country has picked up significantly over the last few years and is expected to grow further in the future. It added that the government's focus on enhancing domestic capabilities is evident from its initiatives in FY24, where Acceptance of Necessity (AoN) was accorded to proposals worth approximately Rs 3.61 trillion under various capital procurement categories. These initiatives are in line with the Defence Acquisition Procedure (DAP) 2020, which strongly promotes domestic manufacturing. "The government, in FY24, accorded Acceptance of Necessity (AoN) to proposals worth approximately INR 3.61 trn under various categories of capital procurement, which promotes domestic manufacturing as per DAP-2020" said the report. A significant milestone highlighted in the report is the remarkable increase in the share of domestic procurement in India's defence sector. The share has improved from 54 per cent in FY19 to 75 per cent in FY24. The report noted that this trend is expected to strengthen further, driven by the fact that more than 99 per cent of the announced proposals are to be sourced from the domestic industry under the "Buy (Indian)" and "Buy (Indigenously Designed, Developed, and Manufactured)" categories. "The total share of domestic procurement has seen a phenomenal improvement from 54% in FY19 to 75% in FY24 and is expected to improve further. The report stated that the DAC's (Defence Acquisition Council) approval of proposals worth Rs 1.45 trillion is aimed at enhancing the operational capabilities of the Indian Armed Forces. The report further emphasizes that with Rs 1.45 trillion worth of projects already approved in the year-to-date FY25, the <keyword id="20994345" type="General" weightage="20" keywordseo="defence-PSUs" source="keywords">defence PSUs</keyword> are poised for strong growth in the near to long term. "With approval for Rs 1.45 trn worth of projects in YTDFY25, we believe defence PSUs have strong growth opportunities in the near to long term" the report added. The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. Of the total cost of AoNs, 99 per cent is from Indigenous sources under the Buy (Indian) and Buy (Indian-Indigenously Designed Developed and Manufactured) categories, the Ministry of Defence stated. For the modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all-terrain ability, multilayered protections, precision and lethal fires over and real-time situational awareness, the release stated. The AoN was also accorded for procurement of Air Defence Fire Control Radars, which will detect and track aerial targets and provide firing solutions. The proposal has also been approved for Forward Repair Team (Tracked) which has suitable cross-country mobility for carrying out in-situ repair during mechanised operations.

DAC capital acquisition of Rs 1.4 trn to boost defence PSUs: Report

<ul class="summary-list"><li>Billionaire Tesla CEO <keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> is buying <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword> for $44 billion.</li><li>The <keyword id="11930034" type="UNKNOWN" weightage="60" keywordseo="acquisition" source="Orion">acquisition</keyword> needs to be approved by regulators, and isn't expected to close until later this year.</li></ul>The world's richest man is buying Twitter.On Monday afternoon, billionaire Tesla and SpaceX CEO Elon Musk added another title to his resume: <a href="https://www.businessinsider.com/elon-musk-to-buy-twitter-board-accepts-44-billion-2022-4">Twitter owner</a>. Musk will pay $54.20 per share for Twitter — a grand total of $44 billion.If the deal successfully passes through regulators and closes, which it's expected to do later this year, Twitter will become a privately held company once again.But in the meantime, Musk's proposed acquisition is said to be impacting Twitter's ability to hire new employees.<keyword id="11897160" type="UNKNOWN" weightage="60" keywordseo="hiring" source="Orion">Hiring</keyword> managers are being told to record how many potential new hires turn down employment due to uncertainties about the company under Musk's leadership, according to <a href="https://www.nytimes.com/2022/04/25/technology/twitter-employees-elon-musk.html">internal documents from Twitter, seen by the New York Times</a>.Those potential new hires reportedly cited two major concerns with working at Twitter under Musk: his plans for moderating the platform, which are <a href="https://www.businessinsider.com/what-will-elon-musk-change-about-twitter-2022-4">based on his free-speech absolutism stance</a>, and what would happen to the Twitter shares in their offer letters when Musk takes the company private.When contacted by Insider, Twitter representatives declined to comment on the report.Musk has repeatedly referred to Twitter as "the de facto public town square" of the modern era — the digital equivalent of a public forum.To that end, he's been critical of Twitter's decision to <a href="https://www.businessinsider.com/twitter-suspended-president-donald-trumps-account-permanently-2021-1">permanently ban former President Donald Trump</a> from the site, following the insurrection at the US Capitol building on January 6, 2021, and he's repeatedly referred to himself as a "free speech absolutist."He demonstrated the sentiment at least once in recent weeks: At his satellite internet startup, Starlink, he refused requests "by some governments (not Ukraine)" to block news broadcasts from Russia. "We will not do so unless at gunpoint," <a href="https://twitter.com/elonmusk/status/1499976967105433600?lang=en">he said</a>. "Sorry to be a free speech absolutist." In announcing his acquisition plans on Monday, Musk said he wants to, "make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans."Got a tip? Contact Insider senior correspondent Ben Gilbert via email (<a href="mailto:bgilbert@insider.com">bgilbert@insider.com</a>), or Twitter DM (<a href="https://twitter.com/RealBenGilbert">@realbengilbert</a>). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please.

Twitter is reportedly tracking how many workers turn down job offers due to fears over Elon Musk

Innovative startups that manage to hire great teams and build interesting products don't always find the huge consumer or enterprise market they need to survive in the long term.
When this happens, the natural thing for the startup to do is shut the whole thing down.
But sometimes, there is an alternative to liquidation: sell to a larger technology company for a nominal amount – a few million dollars.
Larger, wealthy tech companies (Facebook, Google, and even, lately Apple) like these deals because its an easy way to hire talented and entrepreneurial tech workers.
This kind of deal is called the aqui-hire.
The most successful example of this kind of deal is Facebook's purchase of FriendFeed – a social sharing service that never gained much traction. FriendFeed executives ended up in very senior roles at Facebook, and FriendFeed technology rooted deeply into Facebook.com.
But not all aqui-hires end so cheerily.
Over on Quora, there is a question: "Has a startup founder (or founding team) gone through an "Acqui-Hire" but regretted it later? Why?"
Here is the best answer, from a startup lawyer:
Read <a href="http://www.quora.com/Startup-Acquisitions/Has-a-startup-founder-or-founding-team-gone-through-an-Acqui-Hire-but-regretted-it-later-Why/answer/Gil-Silberman/quote/215702" class="quora-content-link" data-width="575" data-height="762" data-embed="9bBdRye" data-type="quote" data-id="215702" data-key="116020dbe2b7e5a87f3a35edddc53a89">Quote of Gil Silberman's answer to Startup Acquisitions: Has a startup founder (or founding team) gone through an "Acqui-Hire" but regretted it later? Why?</a> on <a href="http://www.quora.com">Quora</a>

How Selling A Startup For Millions Of Dollars Can Go Horribly Wrong

<ul class="summary-list"><li><keyword id="155484" type="COMPANY" weightage="60" keywordseo="Salesforce">Salesforce</keyword> CEO Marc Benioff made a slight jab at longtime rival <keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword> when asked by the New York Times about his history with the firm: "What's that company? How do you spell it?"</li><li>Microsoft's Teams chat app has directly competed with the workplace messaging service <keyword id="1815769" type="PERSON" weightage="60" keywordseo="slack">Slack</keyword>, which Salesforce will acquire for $27 billion in what is one of the largest deals in the <keyword id="6361043" type="UNKNOWN" weightage="60" keywordseo="software">software</keyword> world.</li><li>The deal sets Salesforce up perfectly to further take on Microsoft and also unites it and Slack in their rivalries with the Washington-based tech company.</li><li>Slack CEO Stewart Butterfield has called Microsoft an "unsportsmanlike competitor," and his company has filed an antitrust lawsuit against Microsoft over its practice of bundling Teams in its Office suite.</li></ul>Salesforce and Microsoft <a href="https://www.businessinsider.com/salesforces-marc-benioff-ups-rivalry-with-microsoft-2016-9">have a long rivalry</a> — and it's stronger than ever if CEO Marc Benioff's most recent comments are any indication.When the <a href="https://www.nytimes.com/2020/12/02/technology/marc-benioff-salesforce-slack-microsoft.html?campaign_id=4&amp;emc=edit_dk_20201203&amp;instance_id=24668&amp;nl=dealbook&amp;regi_id=84097998&amp;segment_id=45969&amp;te=1&amp;user_id=d8b50a44d56b5015c083cfbca06fc5c40a44d56b5015c083cfbca06fc5c4">New York Times</a> recently asked Benioff about his history with the Washington-based firm, the Salesforce CEO quipped, "What's that company? How do you spell it?"The interview followed the <keyword id="6355005" type="UNKNOWN" weightage="60" keywordseo="news">news</keyword> of Salesforce's monster <a href="https://www.businessinsider.com/salesforce-slack-acquisition-merger-deal-2020-11">$27.7 billion acquisition</a> of workplace messaging app Slack, a deal that turned the cloud giant into an even bigger competitor to Microsoft.Salesforce's acquisition of Slack sets the cloud giant up perfectly to further compete with Microsoft, whose Teams service is included in its Microsoft Office suite. The chat app has gone directly head-to-head with Slack in the workplace messaging arena, which has seen a burgeoning business during the pandemic amid a widespread shift to virtual work. However, Slack has seen <a href="https://www.businessinsider.com/slack-earnings-q2-stock-sinks-remote-work-2020-9">relatively flat growth rates</a> this year.Slack will add a well-oiled workplace chat app to Salesforce's repertoire. And as Business Insider's Paayal Zaveri reported, Slack and Salesforce's deal also unites the two in their mutual animosity for Microsoft.Read more: <a href="https://www.businessinsider.com/salesforce-slack-acquisition-stewart-butterfield-competition-microsoft-2020-12?r=kc-sub">Salesforce's $27.7 billion Slack acquisition comes with a new secret weapon against Microsoft: CEO Stewart Butterfield</a>CEO Stewart Butterfield has called Microsoft an "unsportsmanlike competitor," and Slack <a href="https://www.businessinsider.com/slack-antitrust-complaint-against-microsoft-teams-analysts-2020-7">filed an antitrust complaint against the company in the EU</a> in July, alleging that its practice of including Teams into its Office suite is anti-competitive. Butterfield will remain CEO of Slack, which will become an operating unit of Salesforce.Salesforce's $27 billion acquisition of Slack marks the cloud giant's largest deal in its history as well as <a href="https://www.businessinsider.com/chart-the-biggest-tech-acquisitions-in-history-alongside-tiktok-2020-8">one of the largest acquisitions in the software industry</a>. For comparison, Microsoft shelled out $27 billion for LinkedIn in 2016.

Marc Benioff refused to name his rival Microsoft in an interview about Salesforce's $27.7 billion Slack acquisition: 'What's that company? How do you spell it?'

Mumbai: Food delivery company <keyword id="19901323" type="General" weightage="100" keywordseo="Zomato" source="keywords" meta.keywordsubtype="org" meta.entityname="Zomato" meta.hostid="261" meta.entityid="Zomato">Zomato</keyword> has completed the <keyword id="19901090" type="General" weightage="20" keywordseo="acquisition" source="keywords">acquisition</keyword> of <keyword id="19898109" type="General" weightage="20" keywordseo="Paytm" source="keywords" meta.keywordsubtype="org" meta.entityname="Paytm" meta.hostid="261" meta.entityid="Paytm">Paytm</keyword> subsidiaries WEPL and OTPL for the <keyword id="19922574" type="General" weightage="20" keywordseo="entertainment" source="keywords">entertainment</keyword> <keyword id="20028334" type="General" weightage="20" keywordseo="ticketing" source="keywords">ticketing</keyword> business, the company said in its filing with the exchanges. On August 21, the Deepinder Goyal-led company entered into definitive agreements for the acquisition of Paytm's entertainment arms. In its stock exchange filing on August 21, Noida-based Paytm had also confirmed the development. The deal, valued at Rs 2,048 crores on a cash-free, debt-free basis, stands "as a testament to the value" Paytm has created through its entertainment ticketing business, bringing choice and convenience to millions of Indians with its services and scale, the company said in a release filed with exchanges. As part of this agreement, OCL will transfer its entertainment ticketing business to Zomato by transferring OCL's entertainment ticketing business to its 100 per cent subsidiaries, Orbgen Technologies Pvt Limited (OTPL) and Wasteland Entertainment Pvt Ltd (WEPL) and selling a 100 per cent stake in its subsidiaries OTPL and WEPL, which operate the TicketNew and Insider platforms, respectively to Zomato. As per the information provided by the fintech, about 280 existing employees from the entertainment ticketing business will be part of Zomato. Paytm had said that the company wants to focus on the payments and financial services distribution segment. During a transition period (up to 12 months), the movie and event tickets will continue to be available on the Paytm app, as well as on the TicketNew and Insider platforms, ensuring a smooth and uninterrupted experience for users and merchant partners. As per Paytm, the company built movie ticketing from the ground up and acquired TicketNew and Insider for a total consideration of Rs 268 crores from 2017 to 2018. Further, additional investments were also made to scale up the business. On Wednesday, after the announcement, the stocks of Zomato opened in green at Rs 256.20. The company in the past six months has delivered a 60 per cent reward to its shareholders. (ANI)

Zomato completes acquisition of Paytm's entertainment and ticketing business

New Delhi: After two <keyword id="19945688" type="General" weightage="20" keywordseo="acquisitions" source="keywords">acquisitions</keyword> this year, India's second-largest IT services company <keyword id="19906778" type="General" weightage="100" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="268" meta.entityid="Infosys">Infosys</keyword> is on the lookout to scoop-up more firms and says the acquisition matching scale of recent in-tech buy is certainly a possibility. In an interview to PTI, <keyword id="24144" type="General" weightage="20" keywordseo="infosys-ceo" source="Orion">Infosys CEO</keyword> <keyword id="20115570" type="General" weightage="20" keywordseo="salil-parekh" source="keywords">Salil Parekh</keyword> said the company is keen on acquisitions in areas like data analytics, SAAS, and may look at some geographies within Europe, and the US. Asked if more acquisitions could be of the scale matching in-tech, which came with a price-tag of 450 million euros, <keyword id="20039787" type="General" weightage="20" keywordseo="parekh" source="keywords">Parekh</keyword> said, "Absolutely, I think those would be the size that we will look at in terms of scale, and given our structure we could do a few of those." Back in January, Infosys announced a definitive agreement to acquire 100 per cent of the equity share capital in InSemi Technology Services, a semiconductor design services company headquartered in India, for a consideration (including earn-outs, and management incentives and retention bonuses) totalling up to Rs 280 crore. A bigger acquisition followed in three months. In April, Infosys Germany, a wholly-owned step-down subsidiary, entered into a definitive agreement to acquire 100 per cent of the equity share capital in in-tech Holding -- leading provider of engineering R&amp;D services headquartered in Germany -- for a consideration of up to 450 million euros (about Rs 4,045 crore). "We have very good business in engineering services already within Infosys and then we did those two acquisitions, both of them in engineering services, one on semiconductor side and one on the automotive side... very strong businesses, and we feel quite good about expanding that footprint," Parekh said. Infosys is eyeing more acquisitions, he said, adding that the company is evaluating several firms. "We have a good balance sheet and good cash generation and now we are quite comfortable with the integration of acquisition in different areas. We have done engineering services, we will look at other areas... for example data analytics... may look at SAAS (software as a service) areas, and maybe at some other geographies in Europe, maybe the US as well," he said. Parekh, however, said a lot depends on strategic synergies, financial cost, cultural fit and integration aspects. "We are continuing to look, and we have things that are normally in the pipeline but those take their own time... there are a lot of discussions on strategic fit, on financial cost of it and cultural fit into the company and then how will we integrate them. Many of those discussions are ongoing and we will see what comes out," the Infosys top honcho said. On whether he is hopeful of closing more acquisitions this fiscal year, Parekh indicated that it is tough to put a timeline on the outcome of ongoing discussions. "It is difficult to say... we are evaluating several (of them). But to get a fit on the strategic parameters, financial parameters, culture, integration... all of it may not work out. But these two (InSemi and in-tech) happened relatively quickly... before that for some quarters we had not done anything. It is not a predictable thing, but the evaluation is ongoing," he said. According to the Grant Thornton Bharat Dealtracker Q2 2024 report, Indian dealmaking saw overall 501 deals, valued at USD 21.4 billion. The report said the second quarter of 2024 witnessed the highest quarterly volumes since the second quarter of 2022, while values declined due to the absence of big-ticket merger and acquisition transactions. Grant Thornton Bharat Dealtracker further said the merger and acquisition (M&amp;A) activity during the second quarter saw 132 deals worth USD 6.2 billion, marking a slight increase in volumes but a substantial 50 per cent drop in values. As per the report, domestic deals drove growth with volumes rising 29 per cent and values increasing 2.5 times compared to the first quarter of the current year. In contrast, cross-border deals experienced a decline, with volumes decreasing 24 per cent and values plummeting 85 per cent from the first quarter of 2024.

Infosys is keen on more acquisitions, says CEO Salil Parekh

<ul><li>The ride hailing app has acqui-hired Bengaluru-based <keyword id="7979481" type="UNKNOWN" weightage="20" keywordseo="pikup-ai">Pikup.ai</keyword>.</li><li>Pikup.ai uses <keyword id="107950" type="TECHNOLOGY" weightage="20" keywordseo="artificial-intelligence">artificial intelligence</keyword>, computer vision and sensor fusion to provides AI-powered solutions for businesses.</li><li>This acquisition comes right after <keyword id="6354720" type="UNKNOWN" weightage="20" keywordseo="ola">Ola</keyword> set up a technology centre in the Bay Area in the US to drive next gen technological solutions in mobility.</li></ul>Indian ride-hailing unicorn Ola has acqui-hired (acquired along with the team) Pikup.ai, an artificial intelligence startup, for an undisclosed amount. Pikup.ai uses artificial intelligence, computer vision and sensor fusion to provides seamless AI-powered solutions for businesses. “As we advance on our mission to build mobility for a billion people, we are investing in futuristic technology solutions that will shape the future of mobility in India and the world,” said Ankit Bhati, Co-founder &amp; CTO, Ola in a statement. Ola has been investing heavily into technologies for its Ola Mobility wing. It had also recently set up a technology and innovation centre in the Bay Area. The company is planning to hire over 150 engineers at the new centre, to develop next-generation technologies in mobility. These engineers will be hired across domains like Artificial Intelligence (AI), machine learning, data science, engineering, and product development. Ola has made several acquisitions in the past – food delivery startup Foodpanda, logistics startup Ridlr, rival ride hailing company Taxiforsure, transportation startup Geotagg and mobile payments platform Qarth. Ola has been racing ahead in the Indian mobility space, as it continues to be in a fight for the finish with its arch rival Uber. Ola isn’t just fighting Uber in India but also in global markets like Australia, UK etc. Both Ola and Uber have been investing into new technologies with multiple acquisitions. Uber had recently <a href="https://www.geekwire.com/2019/uber-acquires-seattle-startup-mighty-ai-fuel-push-self-driving-cars/">acquired</a> Seattle-based startup Mighty AI, taking its self driving car vision ahead.

Ola buys another startup for Artificial Intelligence and Machine Learning solutions – beefing up for its fight with Uber

<ul><li>Digital World Acquisition fell 15% on Monday after <keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> bought <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword> for $44 billion. </li><li>Digital World is in plans to merge with former President Donald Trump's social media company, Truth Social.</li><li>"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said.</li></ul>Shares of the special purpose acquisition company planning to merge with former President Donald Trump's social media platform continued their decline on Monday after Elon Musk bought <a href="https://markets.businessinsider.com/stocks/twtr-stock">Twitter</a>.<a href="https://markets.businessinsider.com/stocks/dwac-stock">Digital World Acquisition</a> fell as much as 15% in Monday trades. The decline was sparked early in the morning <a href="https://markets.businessinsider.com/news/stocks/twitter-stock-price-elon-musk-takeover-deal-confirms-financing-bid-2022-4">after a report said Twitter's board</a> of directors were moving closer to Musk on a deal. By Monday afternoon, the deal was made official between Musk and Twitter. Musk <a href="https://www.prnewswire.com/news-releases/elon-musk-to-acquire-twitter-301532245.html">will buy Twitter for $44 billion, or $54.20 per share,</a> which represents a 38% premium to Twitter's closing price on April 1, which was the last trading day before Musk disclosed his 9% stake in the company. The deal will be all cash and it's expected to close by the end of the year.Musk has criticized Twitter on free speech issues and censorship in the past. Under his control, Trump's Truth Social, billed as a free speech alternative to Twitter, would likely be less appealing to both users and investors. Some think Musk's ownership of Twitter will open up the possibility of Trump returning to the social media platform after being banned from it last year."Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it," Musk said.For Digital World investors, Monday's decline is only the continuation of a months long trend as the stock price moves closer to its SPAC IPO price of $10 per share. Following the announcement of its planned merger with Truth Social last year, the stock briefly spiked to a high of $175. The stock is down more than 77% from those record levels.And <a href="https://markets.businessinsider.com/news/stocks/digital-world-acquisition-stock-price-dwac-trump-truth-social-kerrisdale-2022-4">one hedge fund expects the decline to continue</a>, according to a short report released last week. Kerrisdale Capital believes due to regulatory scrutiny, a deal between the Digital World SPAC and Truth Social won't get done, and that the stock should head back to $10 per share."DWAC's stock has much further to fall given the demonstrably misleading statements in DWAC's registration statement, the status of TMTG's operations at the time the merger agreement was executed, the cast of characters seeking to consummate that merger and those individuals' flagrant disregard for SEC rules and regulations," Kerrisdale said.

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DAC capital acquisition of Rs 1.4 trn to boost defence PSUs: Report

ANI

Twitter is reportedly tracking how many workers turn down job offers due to fears over Elon Musk

Ben Gilbert

How Selling A Startup For Millions Of Dollars Can Go Horribly Wrong

Nicholas Carlson

Marc Benioff refused to name his rival Microsoft in an interview about Salesforce's $27.7 billion Slack acquisition: 'What's that company? How do you spell it?'

Katie Canales

Zomato completes acquisition of Paytm's entertainment and ticketing business

ANI

Infosys is keen on more acquisitions, says CEO Salil Parekh

PTI

Ola buys another startup for Artificial Intelligence and Machine Learning solutions – beefing up for its fight with Uber

Sanchita Dash

Digital World Acquisition falls 15% after Elon Musk buys Twitter for $44 billion

Matthew Fox

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