Twitter’s board will not accept the resignation of director Egon Durban, the social network said in a securities filing Friday. Durban, the co-CEO of private equity firm Silver Lake, offered to resign after shareholders blocked his reelection to the board on Wednesday. The board believed that Durban was rejected by shareholders due to “proxy advisory firm voting guidelines, as well as...
Twitter Board Rejects Shareholder Vote to Oust Silver Lake’s Durban
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
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