Delaware court 'forces' Musk to buy Twitter soon

A Delaware judge ordered the suspension of Twitter Inc's (*blocked in Russia) lawsuit against Elon Musk right before the trial, giving the billionaire time to finalize a deal to buy the social network for $44 billion. Reuters writes about this.

Recall that for several months now there have been litigations between the billionaire and the owners of Twitter*. Musk suspended the deal in April due to the allegedly large number of “fake” accounts on this social network. In turn, the leadership of Twitter filed a lawsuit against the richest man on the planet for trying to disrupt the agreements for their own reasons.

Musk was reportedly scheduled to testify under oath this week that Twitter* management had indeed "cheated" and misled him. However, at the last moment, the procedure was postponed by mutual agreement of the parties.

At the same time, according to Reuters, a judge's ruling yesterday said that if Musk did not complete the deal by the October 28 deadline, a new trial would be scheduled for November.

Thus, the Delaware court, one might say, “forces” Musk to quickly acquire Twitter.

We look forward to closing the transaction at $54,20 per share by October 28

- leads the publication of a statement by the leadership of Twitter.

At the same time, Musk said that banks are ready to provide a loan to finance the deal, but he needs more time. He stressed that a short delay was preferable to the months it would take for trial and appeal.

In turn, Twitter insists on completing the transaction within the time specified by the court.

At the same time, it is reported that, according to a statement by a corporate representative of the lending bank, Musk has not yet sent them a notice of borrowing funds. Thus, there is still some uncertainty as to whether the businessman will have time to find financing for the deal before October 28th.

There are many political heavyweights in the US who oppose the fact that the social network has become owned by Musk. These individuals fear that either Musk himself will try to use it to create a new political force in the United States, or he will unblock Donald Trump's account, which in any case can be a blow to the bronzed top of the Democratic Party.

Comments

[Charik]

the matrix, damn them, they are obsessed with a computer program - it’s like they drive people there in real life

[NDR-791]

Quote: Charik

she seems to be driving people there in real life

Yes, not only there. I once watched an interview with a broker from the New York Stock Exchange.
Question: How do you know when to buy and when to sell?
Answer: So there is all the information on the screens, and from there we will find out.
Question: And who enters information into computers for screens?
Answer: ...remained unanswered. He just hung and that's it!!! So why think there? But in fact, it’s not at all about extra accounts, but about something much cooler. Extra accounts allow the owner of the "extra" to earn extra money, but it is not superfluous at all. So it's something else. Most likely in Trump our Donald. Musk assumes that Bidon will be demolished, and Trump will return, and he is offended on Twitter for the eternal ban. So now this is a suitcase without a handle, and Infante Musk realized this too late and gave back.

[Anachoret]

Such an “unobtrusive” sale reminds me of the 90s)) when on the streets and in transport in the evening you could meet a girl in a raincoat and without clothes underneath)) and next to her there was always a couple of strong “brothers in conscience”))
And after the elegant opening of the cloak, a dialogue with onlookers followed:
- watched?
- well, I looked
- pay)))

[Charik]

the photo is some kind of conspiratorial mask - the background is stupidly colorless, apparently such circumstances - there are conspiracies and betrayals all around, there are prosecutors something on a can jr. dug up, so there is a grandfather can in the subject, oyyoy they have squabbles there

[tralflot1832]

Even I didn’t understand what kind of Musk is one of the richest people on earth if he doesn’t hold 44 billion in cash. Abramovich had 28 billion in cash at the time of his heyday.

[Sergej1972]

Both Abramovich and Musk never had that kind of money in cash. This is the sum of their assets.

[tihonmarine]

Quote: tralflot1832

Abramovich had $28 billion in cash in his heyday.

Inflated billionaires in America, you pressed the computer button, and you are already a poor man, but Abramovich drove a wagon with lards at the "far station", and sit quietly.

[volodimer]

Well, as I think, Abrasha's car is also not with paper candy wrappers with portraits of American presidents in the stash. And the Rodschilds and the Rockefellers also keep their loot not in bucks.
For rzhaki: in yuan

[ximkim]

Musk, put it in the cart. You won't lose!

[Two]

Oh how! Fundamentals of democracy in action! Well, you thought about buying black bread, but the quality did not suit you, and you decided to buy white bread! But no! I thought about black, so buy it!

[filibuster]

Not exactly, or rather not at all, you can’t just say I want to buy a company and start doing some buying actions (and there were hundreds of different agreements, ranging from approval by the board of directors, a Twitter offer to buy out), and then refuse from a deal without consequences.
Even if you buy an apartment by entering into a preliminary contract of sale and then refuse to buy, you lose your deposit, and if you didn’t pay it, the seller may well recover financial compensation

[Buyan]

Take it already .... you give a talking shop without censorship

[spirit]

Musk is doing the right thing by bringing down the price. Zuckerberg is draining Twitter because the number of new users there has dropped sharply, roughly speaking, young people are not interested in this resource + it was pumped up with bots. In general, this "garbage" for the full price is outrageously taken. Let Zuckerberg be glad that someone wants to buy it at all

[filibuster]

Does Zuckerberg own Twitter?

[Mouse]

Who will outwit whom ... Twitter Mask or Mask Twitter ... in short, each other, to put it mildly, they want to deceive ....

[ChoroKyrgyz]

In the US, about 90% of the population uses Twitter, it is a powerful tool for influencing the political situation in America. Musk, whatever the dude, seeks to establish peace on earth, and this is possible with the nomination of the right candidate, that is, Donchik. And the democrats are trying in every possible way to prevent this, their "friendship" t.s. Dermocracy is now the absolute evil of the world. Sleepy Joe is just a convenient puppet in their hands; on the other hand, he was taken for Faberge because of the bad reputation of his offspring, threatening the latter with a long walk in captivity. That's the whole essence and dregs of the trends of the current US policy.

[Cuckoo]

a Delaware court can be said to "force" Musk

"Peace enforcement"?