Okay. So it looks like I don’t need to go to Delaware this October. There’s a stay in Elon Musk’s lawsuit against Twitter — which is meant to give the parties time to close the deal. If the deal doesn’t close, the court case is back on for November.
Elon Musk is buying Twitter, probably?
What a year this week has been! On October 4th, Musk filed a nice letter with the SEC saying that, actually, he did intend to do the Twitter deal, and he did intend to do it at $54.20 a share — just as long as the court proceedings stopped. Coincidentally I’m sure, Musk’s twice-delayed deposition was to take place October 6th.
“Yes, we also think Elon Musk should buy us for $54.20 a share in the deal he negotiated himself.”
Look, there are a lot of lawyers in my life, and I love you all dearly, but I know you are absolute psychopaths. (For instance, one of Musk’s firms, Quinn Emanuel, is known for its punishing hikes in exotic locationswhich sometimes require helicopter rescues.) So I’m a little skeptical this is going to work out.
Imagine you are Twitter and you receive this SEC letter. You put out a carefully worded statement to the effect of “yes, we also think Elon Musk should buy us for $54.20 a share in the deal he negotiated himself.” And then you tell Musk, “Okay, prove it’s for real this time.” Maybe that means you need to see some money move hands.