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293
Twitter refuses renewed $44 billion bid, Elon Musk's lawyers say (www.fox5dc.com) THEY BLINKED!
posted 3 years ago by catsfive 3 years ago by catsfive +293 / -0
Judge delays Twitter trial, gives Elon Musk more time to seal $44 billion buyout
A judge has delayed a looming trial between Twitter and Elon Musk.
www.fox5dc.com
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Comments (49)
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▲ 53 ▼
– KyleVsLebron 53 points 3 years ago +53 / -0

Come on mannn….. I take it the FBI told them to hold out until after the mid termsπŸ˜’

This is a brutal spiral.

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▲ 32 ▼
– bubble_bursts 32 points 3 years ago +32 / -0

Chronology of events:

  • So Elon made his renewed $44 billion bid and Twitter accepted.

  • Judge kinda surprised, said yesterday that neither of them have filed anything with him, so the case is still going to proceed

  • Elon's lawyers realised that Twitter wants to keep the lawsuit open still, and inferred from that, that Twitter is not accepting the deal

  • Twitter says that Elon has not yet made a firm bid with a solid end date and they are worried that he might slip again. They want firm commitment.

From the artice:

Musk attorneys argue that Twitter is disagreeing with the trial delay "based on the theoretical possibility" of Musk not coming up with the financing, which they call "baseless speculation."

My guess? This is still a tug of war about whether Elon gets full control of the employees and the censorship. But we all know how it will end :)

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▲ 10 ▼
– FractalizingIron 10 points 3 years ago +10 / -0

But we all know how it will end :)

In a steaming, heaping pile of molten social media?

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▲ 3 ▼
– Humbled1 3 points 3 years ago +3 / -0

Talking about Twitter...it's already what you describe.

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▲ 1 ▼
– FractalizingIron 1 point 3 years ago +1 / -0

I guess that means my prediction is on track?

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▲ 1 ▼
– JonathanE 1 point 3 years ago +1 / -0

Yeah, but it would have fallen under its own weight anyway - they're just helping it along with a little thermite to reduce collateral damage

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▲ 1 ▼
– eagledriver 1 point 3 years ago +1 / -0

WELL...You have described PERFECTLY what a steaming pile of shit is...EVER seen cow dropping give off steam on a cold winters day? Go to TEXAS...

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▲ 1 ▼
– FractalizingIron 1 point 3 years ago +1 / -0

lol, did you know they have cows OUTSIDE of Texas?

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▲ 1 ▼
– eagledriver 1 point 3 years ago +1 / -0

MOOOOOOOOOOOOOOOOOOO!!!!!!!πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ€£πŸ€£πŸ€£πŸ€£πŸ€£πŸ˜ŽπŸ˜ŽπŸ˜ŽπŸ˜ŽπŸ˜ŽπŸ˜ŽπŸ˜ŽπŸ˜Ž

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▲ 6 ▼
– Island_Photo 6 points 3 years ago +6 / -0

So now (effectively) Twaddle is using the "deficiencies" that Musk identified to put the brakes on the deal.. the irony is like a fat juicy fly my fellow anons!

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▲ 1 ▼
– propertyofUniverse 1 point 3 years ago +1 / -0

Oh yes, the more time and exposure this tussle gets, the better.

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▲ 5 ▼
– jfunction 5 points 3 years ago +5 / -0

IMO the Twits have represented the company falsely and thus engaged in fraud. The value of the fraud is probably something like five or ten billion. There are probably way more bots and fake accounts than they have admitted and Twit knows all about them.

So the Twits may be defrauding not only Elon but their shareholders as well. They are in big trouble. The sale can't be finalized until it passes through a rigorous vetting process that will involve public regulators and the institutions Musk goes to to raise the cash he will want to borrow to complete the deal. (Although his net worth is way more than the price of Twit h'e's not going to liquidate a lot of TSLA to buy Twit - he'll borrow what he needs.) The banks won't lend without thorough DD.

So the fraud, if there is fraud, is going to be discovered. The sale will fail and the managers and directors involved are going to be in big trouble.

So at the moment, Twit is desperate to drag the whole thing out to infinity or failing that to just have Elon and his offer go away so they can get back to nusiness as usual.

https://www.investopedia.com/articles/stocks/08/public-companies-privatize-go-private.asp

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▲ 28 ▼
– EricLindz1968 28 points 3 years ago +28 / -0

Methinks Elon not falling lockstep with Ukraine lovers is affecting his life in more ways than one. Either way he wins though

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▲ 26 ▼
– hundro 26 points 3 years ago +26 / -0

Maybe he could dump $44billion into Truth Social in order to render twitter obsolete.

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▲ 19 ▼
– deleted 19 points 3 years ago +19 / -0
▲ 1 ▼
– propertyofUniverse 1 point 3 years ago +1 / -0

Yes please. My stocks will recover.

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▲ 10 ▼
– catsfive [S] 10 points 3 years ago +10 / -0

What? And not erase world hunger?

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▲ 2 ▼
– CrazyButGooed 2 points 3 years ago +2 / -0

I can't see Musk taking orders from Trump.

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▲ 21 ▼
– CherokeePede 21 points 3 years ago +21 / -0

This, the Biden move to immediately pardon minor weed offenders that are only there because of him. Makes me think they are full court press to not lose everything in November. My bet is things get a lot stranger between now and then.

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▲ 14 ▼
– Panzershrekt 14 points 3 years ago +14 / -0

I'm gettin blue balled by this.

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▲ 10 ▼
– Midlifezombie2020 10 points 3 years ago +10 / -0

Kamaltoe says do not come.

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▲ 1 ▼
– eagledriver 1 point 3 years ago +1 / -0

JUST think of when he does and Kamaltoe is standing in front!!!!!! WOWZA!!!!!!

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▲ 1 ▼
– Starseed 1 point 3 years ago +1 / -0

Im gonna come.... oohhhhh

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▲ 13 ▼
– deleted 13 points 3 years ago +13 / -0
▲ 12 ▼
– ApeGang 12 points 3 years ago +12 / -0

Soooo....shouldn't they owe him a billion dollars now? lol

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▲ 11 ▼
– deleted 11 points 3 years ago +11 / -0
▲ 11 ▼
– Cpleb 11 points 3 years ago +11 / -0

Called it a pump and dump.

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▲ 3 ▼
– nolasquid33 3 points 3 years ago +3 / -0

Fill and kill

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▲ 8 ▼
– Fefifofumdrum 8 points 3 years ago +8 / -0

This part of the operation is designed to expose tw for the bot-riddled septic tank that it is.

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▲ 7 ▼
– Hellann 7 points 3 years ago +7 / -0

Everytime something like this happens, my bot % guess goes up.. Im up to like 70% bots, 25% morons, 5% Patriots.

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▲ 4 ▼
– MAGA_Patriot_1776 4 points 3 years ago +4 / -0

Imagine the absolute shock the 25% morons will face when Patriot's accounts are restored.

They will get truth bombed with righteous napalm, and nearly all of the conspiracies they think are fake are proven true.

It shall be glorious.

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▲ 4 ▼
– AlaskaMAGA 4 points 3 years ago +4 / -0

Sounds about right.🀑🌍

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▲ 6 ▼
– deleted 6 points 3 years ago +6 / -0
▲ 1 ▼
– JonathanE 1 point 3 years ago +1 / -0

They have a duty of care though so they might be using that to weasel out.

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▲ 5 ▼
– WezeBWoke 5 points 3 years ago +5 / -0

THEY ARE TRYING TO RUN OUT THE CLOCK BEFORE THE MIDTERMS

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▲ 4 ▼
– skf93 4 points 3 years ago +4 / -0

This is such a convoluted back and forth.

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▲ 3 ▼
– deleted 3 points 3 years ago +3 / -0
▲ 3 ▼
– LBTrumplican2 3 points 3 years ago +3 / -0

u/#cmon

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▲ 3 ▼
– Jcholl9 3 points 3 years ago +3 / -0

I have a theory... This whole Twitter and Elon Musk thing happening a few weeks before the midterms. Doesn't anyone find that a little odd? And now the deal is being prolonged by some Judge...

This whole thing could be a setup by the LEFT to keep us busy?

Thoughts that Elon Musk is maybe a black hat?

I'm just thinking we need to be careful... One thing I've learned is to be CAUTIOUS

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▲ 3 ▼
– Akka 3 points 3 years ago +3 / -0

Elon Musk may just be somebody who is for Elon Musk, there are bound to be quite a lot of players who are more or less gray, not exactly committed to anything, but trying to figure out what course will benefit them personally most.

I'd bet this whole game is rather more complicated than just white hats vs black hats and everybody playing for one of the teams. So, if Musk is mostly for himself, with luck perhaps he thinks the white hats are looking a bit better bet right now than the black hats, or figures that he'd have better odds for himself if the white hats win, and is trying to look good to them, or even help them, as best as he can, at least when he can maybe benefit from it himself too. With bad luck, he isn't, is playing for the other team one way or another, or is being used by the black hats without perhaps even realizing that he is being played, maybe because they are not actually attacking him but are using his ambitions to attack, misdirect or hinder the other team.

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▲ 3 ▼
– JonathanE 3 points 3 years ago +3 / -0

Musk has received too much government money to be truly independent.

Just who is pulling his strings though, hard to say yet - but he definitely isn't completely independent.

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▲ 1 ▼
– Jcholl9 1 point 3 years ago +1 / -0

Well you know what I think.... I think Trump carefully planned everything from the start and knowing what he was getting into.

So in the end this is all part of the show πŸ™‚

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▲ 2 ▼
– AlaskaMAGA 2 points 3 years ago +2 / -0

I think it's brilliant.

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▲ 2 ▼
– deleted 2 points 3 years ago +2 / -0
▲ 2 ▼
– Jcholl9 2 points 3 years ago +2 / -0

Hmmm, ok full speed ahead then... 900 miles per second!

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– deleted 2 points 3 years ago +2 / -0
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– Jacurutu99 1 point 3 years ago +1 / -0

DO YOU WANT THE MONEY OR NOT?!?!

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– deleted 1 point 3 years ago +1 / -0
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– deleted 17 points 3 years ago +17 / -0

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