Morning Buzz: Twitter (TWTR), Planar Systems (PLNR), One Horizon Group (OHGI), Tesla Motors (TSLA)

Shares of Twitter, Inc. (TWTR) are up slightly this morning on news the company has officially lifted its 140 character limit on direct messages, further enhancing DM functionality.

Starting today, that limit has been lifted to 10,000 characters, enabling users to send messages with almost unlimited characters directly to each other through the microblogging platform’s private-chat function.

Twitter first announced it plans to remove the 140 character limit on DMs back in June, but the company is finally implementing the change across its website, iOS and Android apps, Twitter for Mac, and TweetDeck.

Twitter said it will continue to roll out worldwide over the next few weeks.

Shares of Planar Systems Inc. (PLNR) spiked up by more than 33 percent on Thursday after the company announced its acquisition by Leyard Optoelectronic Co., Ltd., a leading worldwide provider of LED display products and ancillary systems, for $6.58 per share. The merger values Planar’s equity at approximately $156.8 million on a fully diluted basis.

Victor Li, Chairman of Leyard, stated, “We believe that Planar and Leyard complement each other and that this acquisition will create significant synergies. We intend to strongly support the continued growth of the Planar business, with standalone management, under the broader Leyard umbrella.”

After tanking nearly 5% in Wednesday’s Nasdaq session, One Horizon Group, Inc. (OHGI) was indicated more than 60% higher in pre-market trading following the company’s agreement to be the exclusive supplier of VoIP services to KeyIdea Information Technology, a renowned manufacturer of satellite equipment in China.

KeyIdea will commence operations of their new maritime satellite service in the fourth quarter of 2015 and will supply their crew-calling services exclusively using the Aishuo platform.

One Horizon operates its own Chinese retail VoIP service, branded Aishuo, and develops and licenses a bandwidth efficient mobile VoIP platform for smartphones.

Shares of Tesla Motors, Inc. (TSLA) are higher by 1.02% to $240.61 in pre-market trading on Thursday. The luxury electric car maker filed to sell 2.1 million common shares, worth around $500 million. In a filing on Thursday, Tesla said CEO Elon Musk had “indicated his preliminary interest” in buying $20 million of this offering, or 83,974 shares.

Tesla said in its filing that it planned to use proceeds from this offering to accelerate the growth of its business in the U.S. and internationally, including the growth of its supercharger network and for development of its Gigafactory, where the company plans to build the lithium-ion batteries that power its cars.

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