Musk must complete Twitter deal by Oct. 28 to avoid trial, judge rules
https://www.cnbc.com/2022/10/06/musk-seeks-to-stop-oct-17-trial-date-to-close-twitter-deal-on-original-terms.html Elon Musk said he wants Twitter to call off existing litigation in order to close the deal at $54.20 a share this month. Twitter countered in its own legal filing that it disagrees with Musk’s assertion, and indicated that it’s refusing to drop the lawsuit.
Strangely I have been rooting for Twitter to win this whole thing although I absolutely hate it as a platform. Just fun to watch this manipulative pos go down.
So time to buy twitter stock?
I saw that debt financing commitment by banks expire October 20. Since musk doesn’t have financing available if the banks decide they don’t want to finance anymore, technically he doesn’t have to close
Who knew the threat of telling the whole truth in a court of law would compel someone to do exactly what you want them to do?
Makes sense for twitter to keep the lawsuit. If musk says he will buy and they drop lawsuit, then there’s nothing stopping him from going back on what he said again. The lawsuit kinda has to exist until the purchase is final.
He can’t play his game anymore
Yeah I mean he basically has to buy, he legally committed himself to it. There’s no out here