Austin, TX
With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
![With deposition and trial looming, Elon Musk has offered $44B for Twitter, again](https://assets.rebelmouse.io/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8zMTg2MjM0My9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY5MDQxNDY2NH0.Tz2x62FBbrFK-1HfCasWBli_R5UJiCurURFVQR6SQHo/img.jpg?width=1200&height=600&coordinates=0,478,0,722)
Elon Musk has proposed as soon as once more to purchase Twitter for $54.20 a share.
The information that Musk is providing to hold on with the $44 billion buyout was first reported by Bloomberg. Now, a submitting with the Securities and Alternate Fee reveals Musk made the proposal in a letter to the tech big on Monday.
The New York Inventory Alternate briefly halted buying and selling in Twitter inventory twice Tuesday, first due to a giant value transfer and the second time for a information occasion, presumably the announcement of Musk’s renewed provide.
Whereas the per share provide value on this newest proposal stays the identical as the unique provide, it’s unclear if Musk has made different time period modifications or if Twitter would reject it. In keeping with different stories, a deal could possibly be reached this week.
The inventory closed at $52.00/share Tuesday, indicating market uncertainty across the $54.20 provide.
After Musk knowledgeable Twitter of plans to terminate the unique settlement in July, Twitter sued. A trial has been anticipated in Delaware Chancery Court docket on Oct. 17.
With the proposition of a buyout on the desk once more, it revives the query of whether or not Musk may transfer Twitter from San Francisco to Central Texas.
He’s finished so with a few of his different corporations. Tesla’s headquarters in southeast Travis County had its grand opening earlier this yr and tunneling enterprise The Boring Firm moved to Pflugerville. A minimum of two different Musk corporations, SpaceX and Neuralink, have a Central Texas presence with out being headquartered right here.
Expertise journalist Nilay Patel this afternoon voiced issues that proudly owning Twitter and Tesla collectively could possibly be problematic for Musk, as his Tesla manufacturing services in Germany and China are each in international locations which have disputes with Twitter over content material moderation and censorship.
Telsa shares fell after the Twitter information turned public, earlier than rallying to shut up, at $249.44.
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Austin, TX
Texas hiker dies on trail at Grand Canyon National Park; officials warn of extreme heat
![Texas hiker dies on trail at Grand Canyon National Park; officials warn of extreme heat](https://static.foxnews.com/foxnews.com/content/uploads/2024/07/River-Trail-NPS.jpg)
A hiker collapsed and died on a trail in Grand Canyon National Park in Arizona over the weekend, prompting parks officials to warn about the dangers of hiking in extreme heat.
Scott Sims, 69, of Austin, Texas, was attempting to reach Phantom Ranch via the South Kaibab Trail for an overnight stay when he was found semi-conscious around 7 p.m. Saturday, the National Parks Service (NPS) said in a statement on Monday.
Sims became unresponsive a short time later, and bystanders performed CPR until three NPS paramedics arrived, parks officials said. All attempts to resuscitate Sims were unsuccessful.
Sims collapsed on the River Trail, about halfway between the Silver Bridge and Black Bridge near Phantom Ranch, according to the NPS. Temperatures on exposed parts of the trail can reach 120 degrees in the shade, the agency said.
HIKER LOST FOR 10 DAYS FOUND ALIVE IN NORTHERN CALIFORNIA MOUNTAINS
Scott Sims was found semi-conscious on the River Trail at Grand Canyon National Park on Saturday. He became unresponsive a short time later. (National Park Service, File)
“Park rangers strongly advise not hiking in the inner canyon during the heat of the day between the hours of 10 a.m. and 4 p.m.,” NPS said.
![South Kaibab Trail](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2024/07/1200/675/south-kaibab-trail2.jpg?ve=1&tl=1)
Temperatures on the trail can reach 120 degrees in the shade, NPS said. (Patrick Gorski/NurPhoto via Getty Images, File)
Officials said that its efforts to help hikers during the summer months may be delayed due to limited staff, an increased number of rescue calls, safety requirements for staff and helicopter usage being limited in extreme heat or periods of inclement weather.
COUPLE MISSING IN UTAH MAY HAVE BEEN SWEPT AWAY IN FLASH FLOOD WHILE EXPLORING TRAIL ON UTV
NPS and the Coconino Medical Examiner are investigating the death. No cause of death was immediately provided.
![South Kaibab Trail](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2024/07/1200/675/south-kaibab-trail.jpg?ve=1&tl=1)
No cause of death was immediately provided. (Patrick Gorski/NurPhoto via Getty Images, File)
The death comes after a Salt Lake City fire captain died in a rafting accident at Dinosaur National Monument in Colorado.
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An NPS review of deaths in national parks between 2014 and 2019 found that hiking was the second-deadliest recreational activity behind driving, while drowning caused the second-highest number of unintentional deaths after motor vehicle crashes.
Austin, TX
Victim found dead in South Austin; APD investigating
![Victim found dead in South Austin; APD investigating](https://images.foxtv.com/static.fox7austin.com/www.fox7austin.com/content/uploads/2024/07/1280/720/snapshot-7.jpg?ve=1&tl=1)
APD investigating homicide in South Austin
FULL VIDEO: The Austin Police Department gives more information on a homicide investigation in South Austin
AUSTIN, Texas – The Austin Police Department is investigating after a person was found dead in South Austin.
Austin police said on Monday, July 1, around 5:30 p.m., officers were called to investigate a homicide at an apartment complex in the 6700 block of Windrift Way.
When officers arrived, they found a victim who had penetrating injuries. The victim was pronounced dead on scene.
A person of interest and witnesses are being interviewed by detectives.
Police said this is believed to be an isolated incident.
This is a developing story, refresh for the latest updates
Austin, TX
Michael Corcoran, longtime Austin music journalist and historian, has died. He was 68.
Michael Corcoran, prominent Austin music journalist and historian, has died. He was 68.
Family members confirmed Monday afternoon that he was found deceased in his Buda residence.
Corcoran, who wrote in a sometimes gruff, inimitable manner for the American-Statesman, Austin Chronicle, Dallas Morning News, Spin, National Lampoon and other publications, spent the past years as a serious historian, publishing books about sometimes unsung Texas music and musicians.
“The most important thing to remember about Corcoran was that he wrote for the National Lampoon,” said Pat Beach, who worked alongside Corcoran at the Statesman after 1997. “He later described himself as a ‘roast critic.’ He also said he regretted some of those barbs. Obviously he had issues. He didn’t take care of himself. But he became this incredible scholar of Texas music.”
Among his highly praised books were “Ghost Notes: Pioneering Spirts of Texas Music” and “All Over the Map: “True Heroes of Texas Music.” His most recent work was published on “Michael Corcoran’s Overserved” on Substack.
Corcoran grew up in a military family in Hawaii, exposed to an incredibly diverse set of musical traditions. He seemed about to cut through the performative pretensions of pop culture to find the authentic core of a musician’s artistry.
This is a breaking news story. Check back for more details.
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