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Twitter: Elon Musk ready to do anything to avoid a lawsuit

2022-10-05T18:44:27.453Z


STORY – His proposal to take over the social network is conditional on the termination of the legal proceedings initiated by the latter. The billionaire seems ready to pay a high price for an asset that he himself has largely damaged.


Elon Musk surprised his world again.

As the media, analysts and investors prepared for the opening, on October 17, of the trial opposing the billionaire to the social network Twitter, the boss of Tesla and SpaceX waved the white flag.

The latter took the form of a letter sent to the Twitter camp on Tuesday:

“Elon Musk intends to close the transaction contemplated by the April 25, 2022 merger agreement, on the terms set forth therein. .”

The engineer cancels everything.

Finished, his maneuvers to get rid of a redemption that he seemed to have immediately regretted.

He does not even attempt to renegotiate the purchase price downwards, fixed since April at 44 billion dollars.

The only condition to his offer: that the Delaware court suspend the legal action brought by Twitter and adjourn the trial.

Read also

Elon Musk's surprising about-face to finally buy Twitter

Have we reached the final chapter of the Twitter-Musk saga?

Caution remains in order in view of the countless twists and turns that have punctuated this file in barely six months.

The network…

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Source: lefigaro

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