AC Milan owners Elliott Management have joined the Nick Candy-led Blue Football consortium as a "minor investor" in their bid to buy Premier League club Chelsea, sources close to the deal told Reuters.

Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club.

Bidders were expecting to hear back from U.S. bank Raine Group, who are overseeing the sale in conjunction with Chelsea, as to whether they had made a narrowed shortlist earlier this week, but sources said bid revisions have slowed the process.

ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/chelsea-allowed-to-sell-tickets-after-uk-govt-amends-licence-465158">Chelsea allowed to sell tickets after UK govt amends licence</a>

British property developer Candy's bid was increased on Monday after being joined by "another large Korean financial institution", they said in a statement, with sources adding the consortium has grown further on Thursday.

Elliott Management, an American hedgefund business, have injected a "multi-million pound sum" into the bid, the sources told Reuters.

Elliott became Milan owners in 2018 and have since helped the Italian giants become much more competitive in Serie A. They top the standings and are chasing their first league title in 11 years.

Representatives from Elliott did not immediately respond to Reuters'&nbsp;requests for comment.

ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/uefa-receive-declarations-of-interest-from-britain-ireland-russia-turkey-to-host-euro-2028-465143">UEFA receive declarations of interest from Britain-Ireland, Russia, Turkey to host Euro 2028</a>

Candy had initially been joined in his consortium by South Korean companies Hana Financial Group and C&amp;P Sports Limited before the new investors got on board.

Others who have made their offers public include Chicago Cubs owners the Ricketts family as well as the pairing of former Liverpool chairman Martin Broughton and World Athletics President Sebastian Coe.

London-based global investment firm Centricus also said they had offered to buy Chelsea, a move driven by co-founder Nizar Al-Bassam and CEO Garth Ritchie, who are said to be season-ticket holders.

AC Milan owners Elliott Management have joined the Nick Candy-led Blue Football consortium as a "minor investor" in their bid to buy Premier League club Chelsea, sources close to the deal told Reuters.

AC Milan owners Elliott Management have joined the Nick Candy-led Blue Football consortium as a "minor investor" in their bid to buy Premier League club Chelsea, sources close to the deal told Reuters. Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club. Bidders were expecting to hear back from U.S. bank Raine Group, who are overseeing the sale in conjunction with Chelsea, as to whether they had made a narrowed shortlist earlier this week, but sources said bid revisions have slowed the process. ALSO READ: Chelsea allowed to sell tickets after UK govt amends licence British property developer Candy's bid was increased on Monday after being joined by "another large Korean financial institution", they said in a statement, with sources adding the consortium has grown further on Thursday. Elliott Management, an American hedgefund business, have injected a "multi-million pound sum" into the bid, the sources told Reuters. Elliott became Milan owners in 2018 and have since helped the Italian giants become much more competitive in Serie A. They top the standings and are chasing their first league title in 11 years. Representatives from Elliott did not immediately respond to Reuters' requests for comment. ALSO READ: UEFA receive declarations of interest from Britain-Ireland, Russia, Turkey to host Euro 2028 Candy had initially been joined in his consortium by South Korean companies Hana Financial Group and C&P Sports Limited before the new investors got on board. Others who have made their offers public include Chicago Cubs owners the Ricketts family as well as the pairing of former Liverpool chairman Martin Broughton and World Athletics President Sebastian Coe. London-based global investment firm Centricus also said they had offered to buy Chelsea, a move driven by co-founder Nizar Al-Bassam and CEO Garth Ritchie, who are said to be season-ticket holders.

AC Milan owners Elliott Management join Nick Candy-led Blue Football consortium in bid for Chelsea

Microblogging platform Twitter's shares surged 11 per cent after Chief Executive Officer Jack Dorsey stepped down from his role.

CTO Parag Agrawal will take over his position after a&nbsp;unanimous decision between&nbsp;Twitter's board and Dorsey regarding his successor.

Dorsey said, ''I've decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead.''

The 45-year-old has recently been showing an increased interest in cryptocurrencies.&nbsp;

An agreement has been reached between Twitter's board and Dorsey regarding his successor as per a report by CNBC.

<a href="https://www.wionews.com/technology/twitter-to-pay-809-million-to-settle-a-suit-claiming-investors-were-misled-414501">Also read |&nbsp;Twitter to pay $809 million to settle a suit claiming investors were misled</a>

The new&nbsp;CEO needs to meet Twitter’s aggressive internal goals. It aims to have 315 million monetisable daily active users by the end of 2023.

It comes after Dorsey tweeted ''I love Twitter'' without any context on the social media platform.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
I love twitter
— jack⚡️ (@jack) <a href="https://twitter.com/jack/status/1464865985471471616?ref_src=twsrc%5Etfw">November 28, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Dorsey is credited with coming up with the idea for Twitter when eventual co-founder Evan Williams gave workers at blogging startup Odeo two weeks to work on fun new projects as a way to break up the daily routine.

<a href="https://www.wionews.com/world/nigeria-bans-twitter-indefinitely-after-muhammadu-buharis-account-suspension-389533">Also read |&nbsp;Nigeria bans Twitter 'indefinitely' after Muhammadu Buhari's account suspension</a>

In 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued he was paying too little attention to Twitter while also running payments processing company Square Inc.

Dorsey fended off the pressure by giving Elliott and its ally, buyout firm Silver Lake Partners, seats on Twitter's board.

(With inputs from agencies)

Microblogging platform Twitter's shares surged 11 per cent after Chief Executive Officer Jack Dorsey stepped down from his role. CTO Parag Agrawal will take over his position after a unanimous decision between Twitter's board and Dorsey regarding his successor.

Microblogging platform Twitter's shares surged 11 per cent after Chief Executive Officer Jack Dorsey stepped down from his role. CTO Parag Agrawal will take over his position after a unanimous decision between Twitter's board and Dorsey regarding his successor. Dorsey said, ''I've decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead.'' The 45-year-old has recently been showing an increased interest in cryptocurrencies. An agreement has been reached between Twitter's board and Dorsey regarding his successor as per a report by CNBC. Also read | Twitter to pay $809 million to settle a suit claiming investors were misled The new CEO needs to meet Twitter’s aggressive internal goals. It aims to have 315 million monetisable daily active users by the end of 2023. It comes after Dorsey tweeted ''I love Twitter'' without any context on the social media platform. I love twitter — jack⚡️ (@jack) November 28, 2021 × Dorsey is credited with coming up with the idea for Twitter when eventual co-founder Evan Williams gave workers at blogging startup Odeo two weeks to work on fun new projects as a way to break up the daily routine. Also read | Nigeria bans Twitter 'indefinitely' after Muhammadu Buhari's account suspension In 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued he was paying too little attention to Twitter while also running payments processing company Square Inc. Dorsey fended off the pressure by giving Elliott and its ally, buyout firm Silver Lake Partners, seats on Twitter's board. (With inputs from agencies)

'I've decided to leave Twitter': CEO & founder Jack Dorsey resigns

<div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)">
An activist investor known as a major Republican political supporter wants to wrest control of Twitter from co-founder and CEO Jack Dorsey, US media reported Friday.

Elliott Management, founded by billionaire Paul Singer, has acquired a stake in the social media firm and wants to remove Dorsey, CNBC said, citing an unnamed source.

The firm pushed for the change stating that Dorsey's attention is divided between running Twitter and his financial transactions startup Square and that Dorsey intends to live part of each year in Africa.

Also read: <a href="https://www.wionews.com/world/in-a-bid-to-combat-online-abuse-twitter-to-limit-replies-273196">In a bid to combat online abuse, Twitter to limit replies</a>

Twitter early this month reported that it added millions of new users and boosted ad revenue in the fourth quarter, sparking optimism over its growth prospects.

Dorsey said during an earnings call that the results capped "a great year for Twitter" and that Twitter has been able to boost users by making the service "more instantly relevant."

"This is an incredibly strong foundation to build upon," he told analysts.

Also see: <a href="https://www.wionews.com/business-economy/tiktok-received-more-numbers-than-facebook-ever-did-sheryl-sandberg-283417">TikTok received more numbers than Facebook ever did: Sheryl Sandberg</a>

The latest report suggested Twitter is making headway as it seeks to keep pace with bigger social networks like Facebook and Instagram while it works to filter out abuse and manipulation.

Twitter will have growth opportunities this year from the 2020 US elections and Olympic Games.

The platform has been seeking to expand its user base beyond celebrities, journalists and politicians.

Dorsey has stressed that a priority for Twitter is to "increase healthy public conversation" by rooting out inappropriate content and misinformation.

Despite his plans to spend part of the year living in Africa, Dorsey said he won't be hampered by his travel.

&nbsp;

"We do need to figure out how to build a company that is distributed, that is not burdened by time zones but advantaged by them," he said.
</div>

&nbsp;

An activist investor known as a major Republican political supporter wants to wrest control of Twitter from co-founder and CEO Jack Dorsey, US media reported Friday.

An activist investor known as a major Republican political supporter wants to wrest control of Twitter from co-founder and CEO Jack Dorsey, US media reported Friday. Elliott Management, founded by billionaire Paul Singer, has acquired a stake in the social media firm and wants to remove Dorsey, CNBC said, citing an unnamed source. The firm pushed for the change stating that Dorsey's attention is divided between running Twitter and his financial transactions startup Square and that Dorsey intends to live part of each year in Africa. Also read: In a bid to combat online abuse, Twitter to limit replies Twitter early this month reported that it added millions of new users and boosted ad revenue in the fourth quarter, sparking optimism over its growth prospects. Dorsey said during an earnings call that the results capped "a great year for Twitter" and that Twitter has been able to boost users by making the service "more instantly relevant." "This is an incredibly strong foundation to build upon," he told analysts. Also see: TikTok received more numbers than Facebook ever did: Sheryl Sandberg The latest report suggested Twitter is making headway as it seeks to keep pace with bigger social networks like Facebook and Instagram while it works to filter out abuse and manipulation. Twitter will have growth opportunities this year from the 2020 US elections and Olympic Games. The platform has been seeking to expand its user base beyond celebrities, journalists and politicians. Dorsey has stressed that a priority for Twitter is to "increase healthy public conversation" by rooting out inappropriate content and misinformation. Despite his plans to spend part of the year living in Africa, Dorsey said he won't be hampered by his travel. "We do need to figure out how to build a company that is distributed, that is not burdened by time zones but advantaged by them," he said.

Activist investor wants to oust Twitter Chief Dorsey

The Seoul city government said on Tuesday that it has approved the long-delayed construction of&nbsp;<a href="https://www.wionews.com/business-economy/hyundai-motor-group-to-invest-35-billion-in-future-automotive-tech-256032">Hyundai&nbsp;Motor Group's</a> new headquarters in the affluent district of&nbsp;Gangnam, which is set to be&nbsp;South&nbsp;Korea's&nbsp;tallest&nbsp;skyscraper&nbsp;when completed in 2026.

The 569-meter&nbsp;building will break ground in the first half of 2020, Seoul city said in a statement.

The approval came more than four years after&nbsp;Hyundai&nbsp;Motor Group,&nbsp;South&nbsp;Korea's&nbsp;second-largest conglomerate, offered to purchase the site with $10 billion in 2014, more than triple it's market price, outbidding <a href="https://www.wionews.com/business-economy/samsung-electronics-third-quarter-net-profit-slumps-52-258964">Samsung Electronics Co Ltd</a> and sparking a stock sell-off.

The construction, originally scheduled to commence in 2016, was delayed partly due to security concerns raised by&nbsp;South&nbsp;Korea's&nbsp;air force, which said the&nbsp;building would interfere with radar and military operations, a Seoul city official said.

Hyundai&nbsp;signed an agreement with the defense ministry to resolve operational restrictions until the construction of the&nbsp;building has reached around 260 meters high, the official said, adding that the construction can be suspended should&nbsp;Hyundai&nbsp;fail to do so.

The&nbsp;building, consisting of 105 floors, will house not only offices but a car theme park, a hotel, a concert hall and a convention center, according to its 2014 plan. It will be home to 18,000 employees from 30 affiliates of the conglomerate, it said at the time.

Hyundai&nbsp;Motor said in March that it was in talks with potential investors to share additional investment costs worth about 3.7 trillion won needed to develop its new headquarters, following a call by US&nbsp;hedge fund Elliott Management Corp to drop the controversial project.

Hyundai&nbsp;Motor is trying to rebound from its sixth consecutive annual profit declines while accelerating its investments in future technologies.

Hyundai&nbsp;said it "will continue to work closely with the Seoul Metropolitan Government to proceed with the project in compliance with the administrative procedures.”

The Seoul city government said on Tuesday that it has approved the long-delayed construction of Hyundai Motor Group's new headquarters in the affluent district of Gangnam, which is set to be South Korea's tallest skyscraper when completed in 2026.

The Seoul city government said on Tuesday that it has approved the long-delayed construction of Hyundai Motor Group's new headquarters in the affluent district of Gangnam, which is set to be South Korea's tallest skyscraper when completed in 2026. The 569-meter building will break ground in the first half of 2020, Seoul city said in a statement. The approval came more than four years after Hyundai Motor Group, South Korea's second-largest conglomerate, offered to purchase the site with $10 billion in 2014, more than triple it's market price, outbidding Samsung Electronics Co Ltd and sparking a stock sell-off. The construction, originally scheduled to commence in 2016, was delayed partly due to security concerns raised by South Korea's air force, which said the building would interfere with radar and military operations, a Seoul city official said. Hyundai signed an agreement with the defense ministry to resolve operational restrictions until the construction of the building has reached around 260 meters high, the official said, adding that the construction can be suspended should Hyundai fail to do so. The building, consisting of 105 floors, will house not only offices but a car theme park, a hotel, a concert hall and a convention center, according to its 2014 plan. It will be home to 18,000 employees from 30 affiliates of the conglomerate, it said at the time. Hyundai Motor said in March that it was in talks with potential investors to share additional investment costs worth about 3.7 trillion won needed to develop its new headquarters, following a call by US hedge fund Elliott Management Corp to drop the controversial project. Hyundai Motor is trying to rebound from its sixth consecutive annual profit declines while accelerating its investments in future technologies. Hyundai said it "will continue to work closely with the Seoul Metropolitan Government to proceed with the project in compliance with the administrative procedures.”

Hyundai gets nod to build South Korea's tallest skyscraper for Gangnam HQ