Musk reverses course, again: he's ready to buy Twitter, build 'X' app

Billionaire Elon Musk is proposing to proceed with his original $44
billion bid to take Twitter Inc (TWTR.N) private, security filings
showed on Tuesday, calling for an end to a lawsuit by the social media
company that could have forced him to pay up, whether he wanted to or
not.

An agreement would put the world's richest person in charge of one of
the most influential media platforms and end months of litigation that
damaged Twitter's brand and fed Musk's reputation for erratic
behavior.
...
...
It was not immediately clear why Musk chose to abandon his fight,
although some pointed to his scheduled deposition.

"He was about to get deposed and a lot of uncomfortable facts were
going to come out," said Eric Talley, a professor at Columbia Law
School.


https://www.reuters.com/markets/europe/musk-said-go-ahead-with-5420-share-twitter-deal-bloomberg-reporter-2022-10-04/

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On 2022-10-05, JAB <here@is.invalid> wrote:

Musk reverses course, again: he's ready to buy Twitter, build 'X' app

It was not immediately clear why Musk chose to abandon his fight,
although some pointed to his scheduled deposition.

"He was about to get deposed and a lot of uncomfortable facts were
going to come out," said Eric Talley, a professor at Columbia Law
School.

Probably. Another theory, he realized he was going to be forced to hold
to his bid. So instead, he reopens negotiations, and will propose a
purchase that Twitter is unable to accept. Some kind of tomfoolery like
that.

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On Mon, 10 Oct 2022 16:57:43 +0100, Retrograde
<fungus@amongus.com.invalid> wrote:

So instead, he reopens negotiations,

Judge just put the matter on hold....I thought there was an escape
clause in that contract...where Musk pays a penalty for not following
thru.

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