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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Elon Musk says he's terminating Twitter deal; board to fight
By BARBARA ORTUTAY, TOM KRISHER and MATT O'BRIEN SAN FRANCISCO©2024 GPlusMedia Inc.
27 Comments
Desert Tortoise
Exactly what I have been saying here for over a month. Musk will withdraw from the deal using the bot count as his excuse and Twitter will sue. Musk didn't have the liquidity for his half of the deal but he will blame it all on bots.
Blacklabel
He will be “forced” to buy it for around 28 billion. Which is what he wants.
The Avenger
Did anyone really think he was going to see this through?
The "Lock up agreement" between the seller and buyer will prevail in court.
Musk seems to have callous disregard to any SEC regulations.
Real investors do their due diligence BEFORE making a take over bid.
Costly mistake for Elon.... prestige and Tesla cash gone gone gone.
Busby
Hilarious...
The far-righters, Trump supporters, and their media shepherds all were crowing when Musk said he'd buy Twitter...
"That will show the Libs,,,,we'll get Trump back on....no more woke posts".....
Your hero either played or rejected you...
Something you must be pretty familiar with....ROFL....
DavisLove
Thats literally how nothing in this world works. If I buy a car today, and then find out they out the car is then discounted a week later, I can't go to the dealership and demand my money back.
It's utterly insane the amount people jump through hoops for this guy.
Godan
His declining to exercise his right to due diligence told me from Day One he was not serious about this.
Interesting how many people took him and his plans seriously though.
My guess is he is on the hook for at least a billion.
Winners in all this? The lawyers involved, of course.
bass4funk
Why would anyone buy a company if they’re not forthcoming with their ledgers and unwilling to say how many of their accounts are real and are just bots, if you’re unwilling to do that in good faith and show me everything then blank you too. Spend for than what it’s worth, at least he didn’t let Twitter sucker him out of a lot of cash and now Twitter wants to take him to court to push him to move forward with the deal. If Twitter does that then they’re opening up Pandora’s box on themselves.
I think the left are the only one obsessed with that.
No, he just (and rightfully so) wasn’t going to let Twitter pimp him.
Blacklabel
Trump actually correctly predicted that Musk would not complete the deal. I personally said he’s not buying it at that price.
Another correct statement. welcome to MAGA world!!
Nemo
If Elon looked before he kept and/or pulled out in time, he wouldn’t have 10 kids, so this is entirely on-brand for Mr. no-consequences rich-boy.
Twitter should make him choke on it.
Blacklabel
I will believe the deal is off once they go back to censoring Musk on Twitter.
“Whoever controls the teleprompter is the real President!” tweet about the latest embarrassing Biden gaffes is still up- so the deal isn’t off.
Express sister
Wow. First time Musk pulled out.
Once again, you have no idea what you’re talking about. Musk specifically waived his due diligence rights when he signed the deal. Then he went, “oh no, I’ve agreed to buy a company that doesn’t make money for $44b. Oops”, and so he complained that they lied to him. Which they didn’t.
Too bad for you, though. Remember when you said free speech didn’t exist before Musk bought Twitter? lol
Express sister
Musk hasn’t been censored on Twitter.
But by all means, keep giving us your predictions.
Bob Fosse
But freedom!?
What will happen to the beloved freedom so many twitter users here were already saying they had experienced firsthand months ago?
Was it all just in their minds? Say it ain’t so!
Maybe Elon can buy Truth Social, I hear that’s all the rage these days!
Express sister
Hahaha remember when JT’s, um, “best and brightest” were cheering because they were finally free to speak their minds now the Musk had bought Twitter… except he hadn’t and they were making things up?
Weird. Weird how MAGAts just live in an alternative reality.
painkiller
BlacklabelToday 11:58 am JST
Good point.
Even if Twitter keeps pushing this towards the courts, there could be a renegotiated price, suck as Blacklabel mentioned, likely to be lower than the initial offering price.
Think Tiffany and Louis Vuitton.
Bob Fosse
Sure! Maybe once musk buys twitter (again) he’ll let Bobby Engel speak the truth. It seems his bombshell testimony is being hidden by the leftist media.
painkiller
Bob FosseToday 03:41 pm JST
He bought it before, sold it, and is now looking to buy it again?
Not sure about this reference--someone trying to grab the steering wheel or something?
Blacklabel
“No one said” he tried to grab the steering wheel or attacked an agent or was in the beast, not an SUV. Those lies are unimportant.
just the “essence” of the “characterization” that she gave us is all that matters- not any (false) details.
so yes Twitter has much more free speech than before, it’s obvious to any user.
let’s see if they go back to their old 100% liberal bias and censorship or not. Will be really easy to see if they do. If they don’t, Elon is likely buying it at $42. (I would wait until $32)
Bob Fosse
So, jordan peterson is making a mountain out of a molehill as usual.
I predict neither of these things will happen. Let’s see what excuses you have when I’m right.
Blacklabel
Yeah weird that only in the last few months can I tweet about anything I want without getting suspended.
the same things that got me locked out of my account prior to that, now get to be said. Weird, huh?
Bob Fosse
No. I was repeatedly told he was the owner months ago and that he had ushered in a new era of freedom.
But that was just a fantasy.