Musk said to propose to Twitter to proceed with deal at $54.20, shares halted
twitter.com
twitter.com
https://www.bloomberg.com/news/articles/2022-10-04/elon-musk...
He was scheduled for a deposition this Thursday/Friday which might have been related to this sudden announcement: https://news.bloomberglaw.com/securities-law/musk-to-be-depo...
> The Delaware Court of Chancery says Twitter can proceed with a limited probe to figure out whether whistleblower Peiter “Mudge” Zatko contacted billionaire Elon Musk’s lawyers before he backed out of the deal. The decision was released shortly before Musk reportedly asked to close the deal on its original terms.
https://www.theverge.com/2022/10/4/23387286/twitter-musk-whi...
He has already proven that any offer he makes is really just another negotiating tactic.
Musk is working real hard to be the new Trump --- his word is his bond --- in Bizarro World.
Twitter and the Delaware courts were going to seize his assets if necessary to complete the funding, but Musk was going to own Twitter whether or not he still wanted it.
LOL!
Yes --- exactly as he agreed to do before.
But he didn't do it then --- and there is no guarantee he will do it after this latest offer either. And if he doesn't?
As I said, it is nothing more than an open invitation to stop the lawsuit and go back to negotiating. Let's see if Twitter takes the bait.