Cable Forum - Elon Musk $44 Billion Twitter deal

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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal

Quote:

Originally Posted by BenMcr (Post 36128409)

If that was aimed at me it's literally what Twitter have said two months ago

https://www.reuters.com/markets/deal...eal-2022-05-17

Not aimed at anyone but l have had comments about my family's business in the past , and they were and still are up the creek:D as were the feds , state and local police in the 20s to 60s ny father use to say that we had a desk / office just for them , :shocked: in the beginning we did a lot of business with Cuba ,so perhaps that was reason?! Just for a little fun buy and put to one side some newspapers , then get them out in six months , and read again , my guess you will never trust one again !!!

Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal

Quote:

Originally Posted by TheDaddy (Post 36128444)

Because he's a cocky, arrogant, git who thought he knew best and better than everyone else, he'll learn the hard way that isn't the case

Hole in one! It will catch up with him the same as it caught up with Johnson.

I guess he shouldnt have signed anything before he was sure........

Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal

BREAKING: Elon Musk proposes to proceed with deal to buy Twitter - Bloomberg

Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal

I am shocked that it turns out he’ll pay what he originally promised :rolleyes:

I wonder if its cause he really didnt wanna pay the fees to cancel?

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

Twitter think he still might not go through with the deal so maybe there is some gamesmanship going on. Musk has used this intent to buy as a reason to stop the case but Twitter want it to continue so I guess from their point of view it's either the deal goes through or the lawsuit finishes - whichever comes first.

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

The plot thickens.

Quote:

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial. He renewed his offer to purchase the social media network this week and shared a few details about his goals.

https://www.teslarati.com/twitter-re...s-renewed-bid/

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

Quote:

Originally Posted by pip08456 (Post 36136242)

The plot thickens.

Quote:

https://www.teslarati.com/twitter-re...s-renewed-bid/

They're not refusing to accept it. They're refusing to halt legal action or accept different terms such as one that gets Musk out of the whole thing if he can't raise the money.

Twitter can't refuse to accept the deal if it's the original terms for the agreed amount. They suspect Musk is up to something.
https://www.ft.com/content/1ce8a07a-...b-f91261929a71

Quote:

In its filing, Twitter said one of the lending banks had testified on Thursday that Musk had “yet to send them a borrowing notice” or communicate that he intended to close the deal.

Legal experts expect Twitter to demand Musk deposit the $44bn in escrow before moving forward with the deal. Ann Lipton, a corporate law professor at Tulane University, wrote on Twitter that the company’s filing “makes clear Musk is not doing what is necessary to obtain financing”.

Anyway the case is halted for now but the judge will allow it to resume if Musk somehow finds another reason not to complete.

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

I thought Musk was supposed to be a hot shot businessman.:confused:

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

I wonder how many forests he could grow or save with that $44 billion.

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

Well he's done it. Moved in yesterday.

Quote:

Elon Musk has officially bought Twitter.

Twitter CEO Parag Agrawal, CFO Ned Segal, legal affairs chief Vijaya Gadde were all immediately fired, per Reuters.

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

https://www.independent.co.uk/tech/e...-b2214457.html

Quote:

Elon Musk dissolves Twitter’s board and makes himself ‘sole director’

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Re: [Updated] Elon Musk $44 Billion Twitter deal back on

Quote:

Originally Posted by Hugh (Post 36138939)

https://www.independent.co.uk/tech/e...-b2214457.html

https://media.tenor.com/0Y3Q8l10FLEA...commentary.gif

We can’t lose.

He makes Twitter less of cesspit - win

He destroys Twitter and it goes under - win

Re: [Updated] Elon Musk $44 Billion Twitter deal back on

In all likelihood the same commercial and legal pressures that made Twitter hard to manage for its last directors will hit him as well