nordvpn
10.3 C
London
Monday, November 28, 2022
nordvpn

Elon Musk Might Finalize Twitter Deal This Week

Elon Musk and his army of lawyers are under a lot of stress.

The billionaire has only four days to finish his deal with Twitter. If he doesn’t, he will have to go to court, where experts say he will probably lose.

Dating a Virgo Man 💕 Incredibly ...
Dating a Virgo Man 💕 Incredibly Helpful Tips for Dating a Virgo Guy 😈

This month, the Delaware judge in charge of the court case gave the two sides until 5 p.m. ET on October 28 to come to a new agreement. If they don’t, the case will go back to court in November for a five-day trial.

Erik Gordon, a business law professor at the University of Michigan, told Insider that if Elon Musk misses the deadline, Judge Kathaleen St. J. McCormick isn’t likely to give him more time and would rather start the trial quickly.

Ann Lipton, a business law professor at Tulane University Law School, told Business Insider that “unless there’s really some new, intervening event that was completely out of Elon Musk’s control and stops the deal, he’ll probably have used up the court’s goodwill.”

Anat Alon-Beck, an assistant professor of law at Case Western Reserve University, said that even if Elon Musk can’t buy the company by the deadline, he would probably end up buying it after paying millions more in legal fees.

But experts say it’s likely that Elon Musk will reach a deal before Friday when the deadline ends.

Elon Musk in front Twitter Logo
Graphics Credit: Dibakor Roy/Editorialge.com

Things Would Get Worse for Elon Musk if he Heads to Court

If the two sides don’t reach a deal by Friday, they could technically keep talking even after the lawsuits start up again and a trial date is set.

But a long court battle probably won’t help Elon Musk at all.

“He knows he can’t get out of it and doesn’t want to be embarrassed in public,” Alon-Beck told Insider.

Gerard Filitti, senior counsel at The Lawfare Project, an international non-profit legal think tank and litigation fund based in New York City, told Insider that if the trial went forward, Elon Musk would have to sit through a long deposition and even more of his private texts could be made public.

Bloomberg said last week that Twitter and Elon Musk are putting together the paperwork to close the deal by Friday. The report was based on information from several people who are familiar with the situation. When Elon Musk first asked the court to end the case and let him buy the company at the original price, Twitter seemed suspicious of the billionaire’s plans. The company has said that the deal won’t go through until Elon Musk can show that he has the money to pay for it.

Elon Musk’s original plan for funding Twitter included $21 billion in cash, $12.5 billion in margin loans backed by his 16% stake in Tesla, and $13 billion in loans from several banks. But Kali Hay of Insider said that at least one investor wanted out of the deal.

Bloomberg said on Thursday that the banks, including Morgan Stanley, are finishing up their funding. Wedbush tech analyst Dan Ives said in a note on Friday that the billionaire still owes another $32 billion, but he is likely to sell between $5 billion and $10 billion worth of Tesla stock to help pay for the deal.

If Elon Musk goes through with the deal this week, the story could still go on even after a deal is made.

Twitter New Owner Elon Musk
Graphics Credit: Nibedita Kundu/Editorialge.com

Bloomberg said on Thursday that President Joe Biden was considering a security review of the deal, which includes several foreign investors like Prince Alwaleed bin Talal of Saudi Arabia, Binance Holdings, and Qatar’s sovereign wealth fund. On Monday, Karine Jean-Pierre, who works for the White House, said that the stories were “not true.” Gordon said that a security review probably wouldn’t stop the deal altogether, but it could force Elon Musk to pay for even more of it himself.

The deal would set Twitter on a path toward big changes. The Washington Post said last week that Elon Musk wanted to get rid of about 75% of the company’s employees. Time said that Twitter employees started passing around an open letter on Monday to protest the possible layoffs.

If you are interested

You can also read EntertainmentNumerologyTech, and Health-related articles here: Seasonal Holidays, SQM Club, The Crown Season 5Motorola Moto Edge 30 Ultra ReviewMismatched Season 2 Netflix Release DateSolar Eclipse 2022Best Movies on Star PlusBest Free VR Games in 2022Xbox Game Pass October 2022Riverdale Season 7NASA to Create a 3D Printed Moon BaseOptimus human robotAndrew Tate Net WorthDua Lipa net worthDisney Plus October 2022 ScheduleGoogle 24th BirthdayOnePlus 10R ReviewOnePlus 9RT ReviewNetflix October 2022 Schedule,

 Summer Podcasts on MovistarBest Cycling Simulator GamesMyShopifyBen Affleck Net WorthFilmymeet5MoviesSeptember 8 ZodiacKengan Ashura Season 3iPhone 14 Plus Release DateHigh School DxD Season 5How Gautam Adani Emerged World’s Third Richest ManJeezy Net WorthHistorical Series on HBO MaxF2MoviesBest Travel Movies of All TimeVikings Season 7How to Watch Artemis I Launch AttemptBest Kitchen Gadgets for Home CooksSeptember 2 ZodiacHubble’s Law and Age of UniverseNew Movies on Disney Plus September 2022Amazon Prime Release Date September 2022, Steps for Casual LookDaredevil Season 4TinyzoneElon Musk Mother sleeps in GarageLady Gaga All moviesVirgo,

Apart from the above articles, you can read more

Accessibility Apps for AndroidBest Jobs in the MetaverseQueenslandMaxShower Standing HandleAugust 11 ZodiacHow to pass a drug testHow to Roll a JointiFunEmerald ChatHow to Play MancalaAugust 8 ZodiacOnePlus 10T ReviewJilo ViralsAugust 4 ZodiacFindsnapTomb Raider AnimeNetflix August 2022 ScheduleAnimixplayUpcoming Marvel Movies 2022July 31 ZodiacBest Lily Collins MoviesNotepadqqFlaxseeds with Milk BenefitsImginnSnaptikPicukiAlexis Clark Net WorthBlack Panther 2,

Marvel Echo Release DateFrozen Fruit RecipesBlack TourmalineWebtoon XYZFastest VPN for AndroidIFVODXXXX Dry ReviewHighest Grossing Indian Movies of all TimeHighest Grossing Movies of All TimeRush Limbaugh net worth. Gotham Season 7Parag Agrawal Net WorthTara Reid Net WorthBlonde TrailerFastest VPN for PCHighest Paid CEO in India 2022Highest paid athletes 2022My5 TV ActivateKissmangaHighest Paid CEO 2022Grey’s Anatomy Season 19Alexa.com AlternativesThe Resident Season 6Kraven The HunterOne Punch Man season 3The Resident Season 5Yellowstone season 5Ozark season 4 part 2How to Remove Bookmarks on Mac

Outer Banks Season 4How to watch NFL games for freeDesireMovies6streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in Discord,  Vampires Diaries Season 9Homeland Season 9Brent Rivera Net Worth,  PDFDriveSmallPDFKnightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel number,  Bruno Mars net worthKissAnimeJim Carrey net worthBollyshare,  AfdahPrabhas Wife NameProject Free TVKissasianKickassanimeMoviezwapJio Rockers,  Dramacool,  M4uHDHip DipsM4ufreeFiverr English Test AnswersFiverr SEO Skill Test,  NBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for reading. Stay tuned!

Subscribe to Our Latest Newsletter

To Read Our Exclusive Content, Sign up Now.
$5/Monthly, $50/Yearly

RECENT POSTS

Must-Haves for Setting up a Retail Business

Starting a retail business is more challenging than it...

The Most Effective Website Testing Checklist

A website, just like any other project, needs to...

Top 80 Homewyse Alternatives for Getting Traffic Analytics & Market Share

Homewyse, an effort was made to help new contractors...

Choosing The Right Air Filter for Your Facility

Various air filter media types are available on the...

Why Cyber Monday is Becoming More Important to Holiday Season?

Cyber Monday is a term used in marketing to...

LIFESTYLE

BUSINESS

TECHNOLOGY

HEALTH

FEATURED STORIES

close