Elon Musk is ready to buy Twitter before the trial

Elon Musk is ready to buy Twitter before the trial

A few months ago, Elon Musk was willing to buy Twitter for the sum of 44 billion US dollars, but then withdrew his offer, a choice that led the company to decide to bring the eccentric billionaire in court.

Although Musk didn't seem particularly worried about it, he evidently must have thought about it again, as, as reported by The Washington Post, the man sent a letter to Twitter in which he proved himself willing to proceed with the settlement and pay $ 54.20 per share as long as the case, whose trial was due to be held on October 17 at the Delaware Chancery Court, would be "suspended immediately" and "all other related proceedings adjourned “.

Twitter is willing to accept the offer, but is awaiting confirmation that the judge can oversee the trial. Also, given Musk's previous behavior, company executives fear it might be a legal ploy.

Photo by Brett Jordan from Pexels According to some legal experts, however, Musk's decision may have been dictated by the realization that he is in a weaker position than he would have liked to assume during the trial and to his deposition. Anat Alon-Beck, a professor of business law at Case Western Reserve University, said, "Musk is finally listening to his he lawyers and he'd be a fool if he didn't at least try to buy the company now." Dan Ives, an analyst at Webush Securities, added: “This is a clear sign that Musk realized that the chances of winning against the Twitter board were very low. This $ 44 billion deal would have been completed one way or another ”.

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