Elon Musk Willing To Pay Full Price For Twitter Again After Someone Must Have Explained Delaware Law To Him
Elon Musk just announced that he seems willing to purchase Twitter again at the original price of $54.20/share. Unless he’s addicted to living dangerously — which is a possibility! — let’s assume this is a serious offer and not a bid to jerk around the market just to stall his deposition and looming trial. Because… that tactic would not end well for him.
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Sponsored Dinners With Ruth Celebrated NPR correspondent Nina Totenberg delivers an extraordinary memoir of her personal successes, struggles, and life-affirming relationships, including her beautiful friendship of nearly fifty years… From NPR correspondent Nina TotenbergWhile it’s often folly to attempt to divine a logic behind any of Musk’s decisions, this one seems relatively straightforward. Someone — maybe an actual GC? — finally broke through the wall of sycophants surrounding Musk and explained to him how utterly screwed he was at trial.
As it turns out, it’s not a great decision to jettison all customary acquisition protections and leave yourself completely exposed. Or to play games with discovery. Or to bank your case on a whistleblower report that ultimately confirmed Twitter’s case. From the moment he tried to back out of a deal where he’d overruled his own lawyers and left himself no room to back out, no one with a lick of sense — which is why we exclude this article — thought he had much of a chance. Down the stretch, his best bet was kicking up enough publicity that the government would launch an investigation into the very issue he waived his right to explore through the diligence process and create a back door adverse change covering his own mistake. Apparently, that’s not looking as promising as he once expected.
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Unless his apparent new role as Putin’s top diplomat increased his urgency to buy the platform to start permabanning everyone sporting Ukrainian flags, though we’ll stick with the most likely reason.
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Elon Musk Will Beat Twitter! WSJ Says It’s Obvious… Assuming You Change Every Single Fact And Law.
Is It Bad When Opposing Counsel’s Writes Judge, ‘Here We Are Again’? Asking For Elon Musk.
Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
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Originally posted on: https://abovethelaw.com/2022/10/elon-musk-willing-to-pay-full-price-for-twitter-again-after-someone-must-have-explained-delaware-law-to-him/