From weed joke to agreed deal: Inside Musk's $44 bln Twitter buyout

13 Sept 22:53 Key points summarised by AI

Elon Musk's initial $54.20-per-share offer for Twitter, which included a playful '420' reference, was initially met with skepticism by the company and its advisers, recalling past controversies.
The acquisition became serious when Musk presented comprehensive financing documents, securing $25.5 billion in debt from major banks and committing $21 billion of his own cash to support the $44 billion bid.
Twitter's board, unable to find alternative bidders and facing a declining tech market, was pressured by shareholders to accept Musk's 'best and final' offer, fearing a loss of investor support if they refused.
After Musk held firm on his $54.20-per-share price, Twitter's board ultimately approved the $44 billion acquisition, finalizing the deal in the early hours of Monday.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.