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Elon Musk initiates a hostile takeover attempt for 100% of Twitter

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Elon Musk has made a bid to purchase Twitter Inc, the business that operates the microblogging social media site Twitter, putting an end to all suspicions. According to sources, Elon Musk, the CEO of Tesla and SpaceX, has offered $54.20 per share in cash for 100 percent of Twitter’s stock, valuing the deal at over $43 billion.

In a filing with the U.S. Securities and Exchange Commission on Thursday, the world’s richest man announced his aggressive takeover offer for the corporation. Following the announcement, Twitter’s stock jumped 18 percent.

Elon Musk had previously announced that he had purchased a 9.2 percent interest in Twitter, sparking suspicion that he may take the firm over. He was offered a place on the company’s board of directors as a result of his ownership, which he accepted at first. He eventually changed his mind and opted not to join the board of directors.

One of the terms of his nomination to the board of directors was that he could not raise his share in the company above 15%. He is no longer constrained by such constraints as an independent investor, and he has made a bid to buy Twitter’s whole stock.

As per a letter supposedly written by Musk to Twitter board chairman Bret Taylor, Musk stated that he invested in Twitter because he believes in its potential for global free expression, claiming that free speech is a societal requirement for a functioning democracy.

“However, since making my investment, I have come to see that the company, in its current form, can neither prosper nor satisfy this societal necessity.” In the letter, he stated that Twitter should be turned into a private firm.

“As a result, I am trying to purchase 100% of Twitter for $54.20 per share in case,” he stated while announcing his offer, “a 54 percent premium over the day I began investing in Twitter and a 38 percent premium over the day before my investment was officially reported.” He went on to say that his offer is the greatest and final one and that if it isn’t accepted, he will have to reevaluate his position as a shareholder.

“Twitter has amazing potential,” he continued. “I’ll get it open.”

Elon Musk, the world’s richest man, has the financial means to purchase 100% of Twitter’s stock. It will be interesting to observe how the Twitter board of directors and management respond to his offer. However, if the board of directors declines, he can buy all of the Twitter shares on the market, gaining enough shares to take over the board. For the buyout, Musk has chosen Morgan Stanley as his adviser.

While Musk’s offer price is higher than recent stock prices, it is lower than the company’s high pricing. Because Twitter’s stock exceeded $77 just last year, some stockholders may be unwilling to sell at $54.20, causing the deal to fail.

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Navi Mumbai Civic Polls Heat Up as Ganesh Naik and Shinde Sena Clash Over Governance

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As the Navi Mumbai Municipal Corporation elections approach, the city’s political atmosphere has turned sharply confrontational, with rival leaders exchanging strong allegations. Veteran BJP leader Ganesh Naik, speaking at public events alongside Chief Minister Devendra Fadnavis, openly challenged opponents from the Shinde faction of Shiv Sena, asserting his influence and warning rivals not to underestimate his political reach. His statements, laced with personal jibes, have heightened tensions in the lead-up to polling.

In retaliation, leaders of the Shinde Sena accused Naik of perpetuating dynastic politics and long-term control that they claim has stalled Navi Mumbai’s development. Party figures, including MP Naresh Mhaske, emphasized that their participation in the elections seeks to offer voters an alternative and to challenge entrenched political dominance.

The conflict has widened beyond personal rivalries. Members of the Shiv Sena (Thackeray)–MNS alliance have also entered the fray, alleging mismanagement of civic resources and instances of tender-related corruption under both Naik and Shinde Sena leaders. They promised to raise grievances with higher authorities if elected, highlighting governance and transparency as central issues in their campaign.

Observers note that while civic development and local issues remain important, the discourse in the final days of campaigning has shifted toward a battle of narratives and counter-accusations, reflecting the high stakes for all parties involved. As polling day nears, Navi Mumbai voters are witnessing a political contest dominated by rivalry, accountability claims, and attempts to sway public perception through aggressive rhetoric.

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Shiv Sena (UBT) Leader Prakash Patil Appeals to Agri Community in Navi Mumbai

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Shiv Sena (UBT) district president Prakash Patil addressed residents of Navi Mumbai in the local Agri language, aiming to strengthen the party’s connection with the community ahead of the upcoming civic elections. Speaking to a gathering of supporters, Patil highlighted long-standing grievances regarding underdevelopment and alleged neglect of the area by successive political leaders.

Patil questioned why development projects catering to village residents had been overlooked for the past 15 years, despite political parties, including the NCP and BJP, holding power in the region. He accused influential local leaders, including Forest Minister Ganesh Naik, of ignoring the needs of the Agri community, which forms a vital part of the region’s social fabric.

Recalling the legacy of Loknete D.B. Patil, he asked whether any current leaders had recognized his efforts for the community. Emphasizing the Shiv Sena (UBT)’s inclusive approach, Patil noted that the party’s manifesto highlights the welfare of diverse groups, including the Agri, Koli, and Muslim communities.

He also addressed internal alliance dynamics, acknowledging that disagreements exist but attributing them to political opponents attempting to create divisions ahead of elections. Patil urged citizens to focus on local development and community welfare, rather than being swayed by such disruptions.

The address underscores Shiv Sena (UBT)’s strategy to engage directly with the Agri community using their native language, emphasizing local issues and promises of inclusive development. With civic polls approaching, the party aims to consolidate support among traditional voter bases while highlighting perceived neglect by rival parties.

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Navi Mumbai Supply Department Official Arrested for Taking ₹5 Lakh Bribe

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In a major anti-corruption crackdown, the Thane Anti-Corruption Bureau (ACB) has arrested a senior officer of the Supply Department in Navi Mumbai for allegedly accepting a bribe of Rs5 lakh through intermediaries. The accused has been identified as Anil Taksale, Deputy Commissioner of the Supply Department, posted at Konkan Bhavan.

According to ACB officials, the arrest followed a complaint lodged by a local rice trader who alleged that Taksale demanded illegal gratification to provide relief in a departmental case and to allow his business to function without interference. The complainant claimed that the officer had initially demanded a one-time bribe of Rs5 lakh and was also seeking a monthly payment of Rs1.5 lakh to avoid future action.

Acting on the complaint, the ACB laid a trap near a hotel in CBD Belapur. During the operation, two middlemen — Sai Pratim Madhav Amin (42) and Raja Ganesh Thevar (52) — were caught red-handed while accepting the bribe amount on behalf of the officer. Based on their statements and evidence gathered, Taksale was subsequently arrested from his office at Konkan Bhavan.

A case has been registered under relevant sections of the Prevention of Corruption Act at the CBD police station. The ACB is now investigating whether the accused officer was involved in similar corrupt practices with other traders and if more officials are part of the alleged nexus.

The arrest has sent shockwaves through the administrative machinery, once again highlighting concerns over corruption within government departments.

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