December 6, 2022

US: In latest deals, Ellison and Musk can’t block counterbids

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By David Ruiz, The Recorder SAN FRANCISCO — Two recent Silicon Valley M&A deals—Tesla Motors Inc.’s acquisition of Solar City and Oracle Corp.’s purchase of NetSuite—have shed light on executive voting agreements, which prevent powerful shareholders from swatting down competing bids. Oracle announced on July 28 that it plans to acquire NetSuite for $9.3 billion. Larry […]

Here’s Elon Musk’s plan to transform Tesla into an energy company

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By Cadie Thompson, Tech Insider From Business Insider Tesla Motors has big plans to expand its business and make it incredibly easy for you to generate your own energy — for electric cars and your entire home. The automaker announced on Tuesday that it has made an offer to buy SolarCity, a solar-power company of which […]