Tesla owner Elon Musk tries to back out of his $44 billion #Twitter buy, but the board is committed to the deal and pursues legal action.
The stage for a legal battle, could carry financial risks for the social network and further darken employee morale.
Did anyone really believe those #MAGA trolls and bots that Daddy Musk was going to Make Twitter Great Again? Is he just another grandstand mogul?
When I was a boy and had grandiose 💡 ideas, I was told “Estas en las Nubues de Valencia” which translates into You are in the clouds of Valencia, SPAIN, not California. As it turns out, many family members now live in the latter.
Elon Musk may reportedly be on the hook for $1B to get out of his offer to purchase Twitter. Musk is trying to back out of his $44 billion Twitter buy. The board is committed to the deal and will pursue legal action to enforce its merger agreement. https://www.cnn.com/2022/07/08/tech/elon-musk-twitter-deal-exit/index.h…
Elon Musk steals the show at the sleepy Sun Valley moguls conference https://www.reuters.com/business/media-telecom/elon-musk-steals-show-sl…
Musk abandons a deal to buy Twitter; the company says it will sue https://apnews.com/article/elon-musk-twitter-inc-technology-4193a27d864…
The way that Elon Musk “has managed and marketed his businesses from Tesla’s early days reveals a dysfunction behind the automaker’s veneer of techno futurism and past stock market successes,”
https://www.nytimes.com/2022/06/01/opinion/technology/elon-musk-tesla-t…
Twitter said it would pursue legal action after Elon Musk canceled his $44 billion deal to buy the social-media company over an alleged breach of the merger agreement reut.rs/3z2toh3
https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2…
Twitter hires law firm Wachtell to sue Musk after pulling out of $44 billion dealÂ
https://www.reuters.com/technology/twitter-hires-legal-team-sue-musk-ov…
Twitter v. Musk is so infused with nonsense at this point that there is probably no reason to keep following.
IMAGE - M Lee