https://techcrunch.com/2020/03/09/twitter-elliott-silver-lake/

After a week in which it looked like activist investor Elliott Management might try to force out Jack Dorsey as CEO of Twitter to help boost the social platform’s flagging growth, it looks like we have a truce of sorts between the two.

Today, Twitter announced that it has received a $1 billion investment from Silver Lake, one of the tech industry’s most prolific investors. And as part of that deal, it has also entered into an agreement with Elliott — which owns about 4% of Twitter — to use that investment plus cash on hand towards a $2 billion share repurchase program. Along with that, there are two new people joining Twitter’s board of directors, Silver Lake’s Egon Durban and Elliott’s Jesse Cohn; the company said it is also seeking a third to join as part of the agreement. It also said committed itself to a plan to grow its mDAU (a special metric Twitter uses for “monetizable” daily active users) at 20% or more, with revenue growth accelerating on a year-over-year basis.