Twitter Inc. has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz LLP as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter. The social media company aims to file suit early this week, according to the people, who declined to be identified because the matter is private. According to Bloomberg, by hiring Wachtell, it gains access to lawyers including Bill Savitt and Leo Strine, who served as Chancellor of the Delaware Chancery Court, where the case will be heard. Musk has brought in Quinn…
Author: Chief Editor
Ahead of the July 16 governorship election in Osun State, political candidates and their parties will on Wednesday sign a peace accord to commit themselves to the smooth conduct of the exercise. Chairman of the National Peace Committee(NPC) and former Head of State, General Abdusalami Abubakar (rtd), stated this via a statement issued yesterday, according to Channels Television news. “The NPC hereby wishes to announce that a peace accord will be signed by the various political parties and stakeholders on 13th July 2022, in Osogbo, Osun State,” he said. Abubakar also called on the Independent National Electoral Commission, (INEC) and all…
More reasons are emerging on why the Chief Executive Officer of Tesla and the world’s richest man, Elon Musk, is pulling out of his $44 billion bid to buy microblogging platform, Twitter. Musk had tendered an offer to buy 100 per cent of Twitter for $44 billion back in April at $54.20 per share in cash, which, at the time, was a 54 per cent premium on the price the day he began investing in Twitter. But almost three months after, precisely at the weekend, in a filing with the US Securities and Exchange Commission (SEC), Musk said he wanted…
Setonji Samuel David Once upon a time, the State was an “urban jungle”. If you walked around the noise-polluted streets, which were overcrowded with rickety commuter buses, cars, cart pushers and wheel barrows, and thronging with screaming street traders, ubiquitous markets stalls around pole-high refuse heaps and putrefying gutter oozes, you might find one or two human corpses decomposing on curbs, corners or street intersections. I said, “walked” because if you had chosen to drive, you could spend an entire day trying to get through one single avenue of a stretch not more than 500 metres. Traffic jams were as…
Kene Obiezu Nigeria`s ruling party the All Progressives Congress (APC) recently reasserted its superiority in Ekiti State by snatching the gold medal in the just concluded Governorship elections in Ekiti State, handing some timely defeats in the process to the People Democratic Party (PDP) and the Social Democratic Party (SDP). But as usual, the ubiquity of the ballot box in the state nicely dovetailed with the ubiquity of those who buy and sell votes. Upon Nigeria`s return to electoral democracy in 1999, the coast once again became clear for elections as the principal doorway into public offices. This was…
Alade Rotimi-John It must be noted that the inability of the ordinary people of Nigeria to alter their strategy in an essential way has continued to conduce to their all-pervasive sorry plight. The unrepentant smug indifference with which their oppressors hold them tends to attest to the feared hopelessness of their situation. What is required now or has been ignored before now is a general willingness to go against a minority that has been masquerading as the majority even as it is the citizen’s highest duty to defend his country, if need be, by force of arms. It is…
The Presidential candidate of the Labour Party, Peter Obi, on Wednesday, opened up on his choice of running mate, saying he preferred a younger person as vice-presidential candidate. The former Anambra State governor stated this while featuring on Arise TV Morning Show. He added that he prefers a younger person who has something to offer to complement his ticket rather than recycling old hands who had been in the government before now. When asked to clarify social media rumours that he had picked a businessman and politician, Senator Yusuf Datti Baba-Ahmed, as his vice-presidential candidate, Obi noted that though consultations…
A group under the aegis of Victory Advocates of Nigeria, Wednesday, described the attacks on the presidential advance convoy and Nigerian Correctional Centre, Kuje, Federal Capital Territory, Abuja, by suspected terrorists as indications of the total collapse of security architecture under the All Progressives Congress government. The youth group urged Nigerians to rescue themselves by bidding bye to the bad governance of the APC through their votes. VAN National President, Prince Seyi Ajibola, and National Publicity Secretary, Musa Adamu, who condemned the attacks, said, “No one is safe in Nigeria. If the number one citizen of our great country can…
The Coalition of Civil Society Organizations in Katsina State on Wednesday asks the Federal Government to justify the money being spent on security by ensuring the safety of lives and property of Nigerians. The coalition made the demand while reacting to Tuesday’s death of the Dutsinma Area Commander, ACP Aminu Umar, in a gun duel with terrorists. The coalition in a statement by its Katsina Chairman, Abdulrahman Abdullahi, lamented the death of the Police Area Commander, insisting that the incident speaks volumes of inadequacies in Nigeria’s security system. The statement read, “It is disturbing that government’s inability to provide our…
Controversy has surrounded the whereabouts of suspended Deputy Commissioner of Police, Abba Kyari, after bandits attacked Kuje Correctional Centre, Abuja, where he was kept. The PUNCH had reported that gunmen attacked the Custodial Centre in the Kuje area council of the Federal Capital Territory, Abuja Tuesday night. During the attack which lasted hours, some inmates were said to have escaped. The Kuje prison is famous for holding high-profile inmates and suspects, including former governors and ministers. According to officials, the facility houses over 900 inmates. “We have not seen him today. He didn’t also come for Subhi (early morning) prayer as…
