On october 4, our favorite villain surprised the world offering to buy Twitter after all, at the original price of offering.
October 17 is the date the trial is set to begin between Elon and Twitter. After offering to buy the company, lining up financing and touting plans for the future, he took his deal off the table, prompting Twitter to sue him in an attempt to make the sale go through anyway.
It’s been a bit weird, obviously. During deposition, which has started a few days back now, texts between Mr. Musk and his friends, among which is Jack Dorsey, former CEO of Twitter, revealed his thinking and then some.
It’s unclear whether Elon tried to get out of the lawsuit, or this was his plan all along by reviving his deal to buy Twitter. Mr. Musk is a force to be reckoned with – he often gets what he wants and he’ll do anything to get it.
Facts:
- The deal is on the table.
- The lawsuit isn’t cancelled.
- It seems the lawsuit has been postponed, though.
- He outed his plans for ‘X’, which is supposed to be an app resembling WeChat outside China, and Elon wants to setup Twitter as the underlying app.
We’re very interested in what happens next. What are your thoughts?
Links:
Twitter’s Internal Memo As Elon Musk Revives $44 Billion Deal (ndtv.com)
https://www.theverge.com/2022/10/4/23387320/elon-musk-twitter-offer-buy-again