Elon Musk may take Twitter public again after he finalises a $44 billion acquisition to buy the social media company, The Wall Street Journal reported.
Mr Musk may list Twitter as soon as three years of buying it, the newspaper reported, citing people familiar with the matter.
Mr Musk's deal to buy the social media company is expected to close later this year, pending the approval of Twitter shareholders and regulators.
Not all of Twitter's users, employees or shareholders have welcomed Mr Musk’s plans to buy the company.
Saudi billionaire Prince Alwaleed bin Talal, who owns a stake in Twitter through his Kingdom Holding Company, rejected Mr Musk’s offer last month, saying it did not “come close to the intrinsic value of Twitter given its growth prospects”.
"My goal, assuming everything gets done, is to make Twitter as inclusive as possible and to have as broad a swathe of people on Twitter as possible," Mr Musk said at the Met Gala in his first major public outing since his bid to buy Twitter began.
The world's richest man, who is also the founder and chief executive of Tesla and rocket company SpaceX, sold about $8.5bn worth of his shares in the electric vehicle maker to fund part of his buyout of Twitter.
Last month, Twitter reported a surge in first-quarter net income to $513.3 million, compared to $68m in the same period in 2021, days after it agreed to be sold to Mr Musk.
The company’s net income also included a pre-tax gain of $970m from the sale of MoPub — a platform for promoting and monetising apps — for $1.05bn and income taxes related to the gain of $331m.
WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
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Ant-Man and the Wasp
Director: Peyton Reed
Starring: Paul Rudd, Evangeline Lilly, Michael Douglas
Three stars
Brief scores:
Toss: South Africa, chose to field
Pakistan: 177 & 294
South Africa: 431 & 43-1
Man of the Match: Faf du Plessis (South Africa)
Series: South Africa lead three-match series 2-0
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
