Channel: HYBIZTV HD

Category: News & Politics

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Description: Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from quickly completing his planned $44 billion takeovers of the social media company. In a complaint filed in Delaware Chancery Court, the Orlando Police Pension Fund said that under Delaware law Musk cannot complete the takeover until at least 2025 unless holders of two-thirds of shares not “owned” by him approved. The lawsuit said Musk became an “interested stockholder” after taking a more than 9% Twitter stake, requiring the delay. Musk also runs the electric car company Tesla Inc and is the world’s richest person . Twitter and its board, including Chief Executive Parag Agrawal, are also defendants. The lawsuit seeks to delay the merger’s closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs. #ElonMusk #Twitter #FloridaPensionFund #SocialMedia #StockHolder #ShareHolder #HyderabadBusinessNews #BusinessNews #EventsToday #HyderabadEvents HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. in the 12 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, Promotional videos, Interviews, Ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country. ► Watch More Business Videos at India's Leading online business channel hybiz.tv ► like us on Facebook: facebook.com/hybiz ► Watch More Videos on youtube.com/hybiztv ► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu ►Follow us on Twitter twitter.com/hybiztv