Posted on 10/06/2022 1:56:07 PM PDT by george76
A tentative agreement reached earlier this week for Tesla and SpaceX CEO Elon Musk to purchase Twitter has reportedly stalled, with Musk’s lawyers claiming that Twitter has refused to accept the proposal.
The announcement comes just two days after Musk and Twitter announced plans to “close the transaction” at the original $44 billion price set in an April 2022 deal. Twitter eventually sued Musk to force him to comply with the terms of that initial deal, after Musk repeatedly attempted to escape it, but Musk’s lawyers now claim that Twitter is requesting the Oct. 17 trial be halted
...
Lawyers for both Musk and Twitter were working on the details of the deal as recently as Thursday morning, according to the WSJ. Both sides were seeking to halt the proposed trial to allow for more time to complete a deal, but the dialogue between the two had the potential to “change quickly,” the WSJ reported, citing an anonymous source familiar with the matter.
Shares of Twitter shot up dramatically after the tentative deal was announced earlier this week, netting some investors massive windfalls in the process, The Wall Street Journal reported.
Neither Twitter nor Musk’s lawyers immediately responded to a Daily Caller News Foundation’s request for comment.
Yawn. It gets old.
This is big business.
I think the title is wrong, they didn’t say no, they more likely said maybe.
So Twitter sues for Musk to go through with deal, and then Musk says OK and Twitter then says no???
“So Twitter sues for Musk to go through with deal, and then Musk says OK and Twitter then says no???”
That is the way I see this whole thing.
The CIA said no.
It’s definitely not worth 44 billion. It’s mostly bots and ads
I think Musk is saying he’ll allow Trump back on, which is like waving a red flag to the bleeding-heart SF liberals running Twitter
—” and Twitter then says no???”
“On Feb. 1, 2008, in what would still be by far the software maker’s largest ever acquisition, Microsoft offered close to $45 billion for Yahoo.”
And the Yahoo shareholders are history...
I forget where I got this info from. But I heard Twatter offered Musk a 2 billion dollar discount if he agreed to two things. 1) Keep people banned, banned. In other words no letting in those bad ppl like Trump. 2) Keep the executive team in place.
Elon told them no on that. Perhaps this has something to do with Twatter’s recent behavior.
And yahoo turned Microsoft down.
Not the smartest thing Yahoo ever did.
Big Business mergers are like sausage making at times. This one is no different.
Looks like they are just haggling over details.
Steve Bannon this week - got ‘inside word’ of this. Triggered Twitter board freaked when Elon said ‘Um, no, and Bye Bye Sheila’
“if he agreed to two things. 1) Keep people banned, banned. In other words no letting in those bad ppl like Trump. 2) Keep the executive team in place.”
I’m one of those banned people. I told them in no uncertain terms that there would be lawsuits.
I truly wish Elon would let Twitter crash and burn. But much like everything that is woke in this country, there is big money propping all of this up, and those funding the activities/companies will not let them fail.
Rather than trying to chase the details, I just took a peak at the after hour trading price of Twitter which suggests that those putting their money where their mouth is still think the deal is likely going through.
The banned people are conservatives. My understanding is the board wanted a continuance of policy in regards to conservatives.
Nah...they’ve made it too much like a Tabloid feud.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.