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Elon finally agrees to purchase Twitter. (1 Viewing)

Esdiel

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Looks like Elon has finally decided to go ahead with the Twitter deal, and on the original terms/price previously agreed on.

This is on the conditions that: 1) Twitter ends the lawsuit brought against him (which is soon set for trial); and 2) that is he able to get the financing necessary... which I believe was always a condition of the deal.

Here's Musk's proposal/letter according to a SEC filing dated October 3rd, 2022:
Gentlemen:

On behalf of X Holdings I, Inc., X Holdings II, Inc. and Elon R. Musk (the “Musk Parties”), we write to notify you that the Musk Parties intend to proceed to closing of the transaction contemplated by the April 25, 2022 Merger Agreement, on the terms and subject to the conditions set forth therein and pending receipt of the proceeds of the debt financing contemplated thereby, provided that the Delaware Chancery Court enter an immediate stay of the action, Twitter vs. Musk, et al. (C.A. No. 202-0613-KSJM) (the “Action”) and adjourn the trial and all other proceedings related thereto pending such closing or further order of the Court.

The Musk Parties provide this notice without admission of liability and without waiver of or prejudice to any of their rights, including their right to assert the defenses and counterclaims pending in the Action, including in the event the Action is not stayed, Twitter fails or refuses to comply with its obligations under the April 25, 2022 Merger Agreement or if the transaction contemplated thereby otherwise fails to close.
https://www.sec.gov/Archives/edgar/data/1418091/000110465922105787/tm2227435d1_ex99-s.htm

Edit - It appears that Twitter intends to go ahead with the deal too according to the last sentence in this tweet:

 
Last edited:

MapleDots

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@davidm - do you have any more information on this?

I was hoping Elon buying twitter was a good thing and hopefully some of the closed accounts would be reopened.
 

davidm

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@davidm - do you have any more information on this?

I was hoping Elon buying twitter was a good thing and hopefully some of the closed accounts would be reopened.
The Atlantic article has a link to the litigation discovery questions and responses.

I didn't see any link yet for the disclosures that would contain the contested request for texts and emails about Putin and Russia.

Given Elon's tweets this week advocating for Russia, it's clear that he has a relationship with Putin.

In February 2022, Elon Musk was one of the 25 people that the Kremlin followed on Twitter.

Twitter was scheduled to depose Elon Musk under oath this week, but Elon's SEC filing announcing his intention to complete the deal suspended the discovery.

Let's see what the Judge says.

Judge says Twitter can search Musk team’s texts for Twitter whistleblower details
 

domains

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I think some on the left are just worried that Twitter won't be cracking down so much on non-leftist views, or exposing some of the leftist absurdity. They don't seem to mind when leftist billionaires own big communication companies or get involved in politics. I hope Elon gets rid of some of the cancel culture and censorship that's been going on at Twitter.
 

davidm

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I think some on the left are just worried that Twitter won't be cracking down so much on non-leftist views, or exposing some of the leftist absurdity. They don't seem to mind when leftist billionaires own big communication companies or get involved in politics. I hope Elon gets rid of some of the cancel culture and censorship that's been going on at Twitter.
I'm concerned about Qatar and Saudi Arabia helping fund Elon Musk's acquisition of Twitter. Those countries are not known for the their free speech laws.
 

jaydub

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Thank heavens for the perfect Right ;)

I think some on the left are just worried that Twitter won't be cracking down so much on non-leftist views, or exposing some of the leftist absurdity. They don't seem to mind when leftist billionaires own big communication companies or get involved in politics. I hope Elon gets rid of some of the cancel culture and censorship that's been going on at Twitter.