Twitter's Jack Dorsey keeps job after deal with Elliott, Silver Lake

The agreement will keep Dorsey atop Twitter at a crucial time for the social network. It also avoids a potentially costly fight with Elliott, the $40 billion hedge fund that has successfully shaken up many corporate boardrooms. It also brings on board Silver Lake. Silver Lake agreed to invest $1 billion in Twitter, money that would help finance the buyback of $2 billion worth of stock.

from Tech-Economic Times https://ift.tt/3aGDJQr