Twitter buyout: Elon Musk summoned for a test
© SP/Tesla Twitter Association: Elon Musk summoned for an deposition in the case which opposes Twitter, the billionaire is summoned next week to perform his Disposition before the lawyers of the social network. Elon Musk will have to answer questions from the lawyers for Twitter for two, even three days, next week, as part of the legal battle around its 44 billion dollar buy -back agreement in the social network , to which He wants to give up.
Elon Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, just weeks before the opening of a bitter court case over his effort to withdraw from the deal. © Odd ANDERSEN Elon Musk is reported to have told Twitter he will go through with buying the tech firm, just two days before he was to be deposed by Twitter attorneys for a trial set to start on October 17.
US media said the world's richest man had sent a letter to Twitter vowing to honor the takeover price of $54.20 a share -- prompting a surge in the share value of the social network that triggered a suspension of trading.
Twitter ensures that Elon Musk has no evidence on the false accounts of the social network
© Michaelvi/Adobe Stock Twitter ensures that Elon Musk has no evidence on the false accounts of the social network The network Social seems certain that Tesla boss analysts have no evidence concerning a supposed undervaluation of the number of false accounts.
The latest twist in the long-running buyout saga comes less than two weeks before the start of the high-stakes trial instigated by Twitter in an effort to hold the Tesla chief to the $44 billion deal he signed in April.
Musk was slated to be deposed by Twitter attorneys later this week in preparation for the trial.
A serial entrepreneur made rich through his success with Tesla electric cars, Musk began to step back from the Twitter deal soon after it was agreed.
He said in a letter in July that he was canceling the purchase because he was misled by Twitter concerning the number of fake "bot" accounts, allegations rejected by the company.
Twitter, meanwhile, has been seeking material or testimony to prove Musk is contriving excuses to walk away because he changed his mind.
Zelensky and Musk in row over 'peace plan poll'
The Tesla boss asked followers to vote on his ideas to end Russia's invasion, prompting criticism.Mr Musk asked his 107.7m followers to vote on ideas that included ceding territory to Russia.
In July, a Delaware judge agreed to fast-track a trial on Twitter's allegations, which the company argued is impeding its financial performance.
- Free speech or abuse? -
Wedbush analyst Dan Ives said in an email that Musk's apparent pivot shows that he recognized his chance of winning in court was "highly unlikely, and this $44 billion deal was going to be completed one way or another."
Shares in Twitter were up 12.7 percent at $47.95, having been halted by the New York Stock Exchange following a Bloomberg report on a possible new takeover offer.
Musk made his unsolicited bid to buy Twitter without asking for estimates regarding spam or fake accounts, and even sweetened his offer to the board by withdrawing a diligence condition, the lawsuit against him said.
Seen by his champions as an iconoclastic genius and by his critics as an erratic megalomaniac, Musk surprised many investors with his pursuit of Twitter.
Elon Musk once again proposes to buy Twitter, at the agreed price in April
the billionaire entrepreneur Elon Musk had ended the Twitter buyout agreement in the amount of $ 44 billion in early July. © provided by Franceinfo Elon Musk has changed his mind again. The boss of Tesla finally proposed to Twitter to buy the social network at the agreed price in April, two weeks from the planned trial between the two parties on this hectic acquisition.
His potential stewardship of the social media site hit several bumps since the takeover attempt was made public, and sparked worry from activists over lifting of the ban on Donald Trump -- as well as the possibility the new owner would open the gates to abusive and misinformative posts.
Musk -- who sees himself as a free speech advocate -- has said he favored lifting the ban on Trump, who was kicked off the platform in January 2021 shortly after the former US president's efforts to overturn his election defeat led to the January 6 assault on the US Capitol.
Musk's norm-defying conduct has come as little surprise to watchers of the Tesla and SpaceX chief after years of statements that flout or test convention and sometimes provoke a crackdown from regulators.
Only on Monday he was embroiled in a Twitter spat with Ukrainian President Volodymyr Zelensky over his ideas on ending Russia's invasion.
Elon Musk, under investigation for Twitter buyout .
Tesla founder and CEO Elon Musk is under investigation by U.S. authorities in connection with his attempted purchase of Twitter. The company’s lawyers have revealed Thursday that the billionaire is […]The company's lawyers have revealed Thursday that the billionaire is the subject of an investigation as a result of Musk's attitude in the process of acquiring the company, as reported by Bloomberg.