Elon Musk could finalize a deal with Twitter this week

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

The billionaire has just four days to finalize his deal with Twitter. If he doesn’t, he’ll have to go to court, where experts say he’ll likely lose.

This month, the Delaware judge in charge of the court case gave the two sides until 5 pm ET on October 28 to reach 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 likely won’t give him any more time, preferring to start the trial quickly. .

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

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

But experts say Elon Musk is likely to reach an agreement before Friday, when the deadline ends.

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 an agreement by Friday, they could technically keep talking even after the lawsuits start up again and a trial date is set.

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

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

Gerard Filitti, lead attorney for The Lawfare Project, an international nonprofit legal litigation fund and think tank based in New York City, told Insider that if the trial went forward, Elon Musk would have to go through a long statement and even more of his private texts could be made public.

See also  Where can I get the latest CCNA practice?

Bloomberg said last week that Twitter and Elon Musk are preparing the paperwork to close the deal on 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 allow him to buy the company at the original price, Twitter appeared suspicious of the billionaire’s plans. The company has said the deal won’t go through until Elon Musk can show he has the money to pay for it.

Elon Musk’s original plan to finance 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 various banks. But Insider’s Kali Hay said at least one investor wanted out of the deal.

Bloomberg said Thursday that banks, including Morgan Stanley, are ending their funding. Wedbush technology analyst Dan Ives said in a note Friday that the billionaire still owes another $32 billion but is likely to sell $5 billion to $10 billion of Tesla stock to help pay. the deal.

If Elon Musk goes through with the deal this week, the story could continue even after the deal has closed.

The new owner of Twitter, Elon MuskGraphics Credit: Nibedita Kundu/Editorialge.com

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

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

See also  Meta CEO challenges Tesla boss to a cage fight

If you’re interested

You can also read articles related to entertainment, numerology, technology and health here: Seasonal Holidays, SQM Club, The Crown Season 5, Motorola Moto Edge 30 Ultra Review, Mismatched Season 2 Netflix Release Date, Solar Eclipse 2022, Best Movies on Star Plus, Best Free VR Games in 2022, Xbox Game Pass October 2022, Riverdale Season 7, NASA to Create a 3D Printed Moon Base, Human Robot Optimus, Andrew Tate Net Worth, Net Worth Dua Lipa, Disney Plus October 2022 Calendar, Google’s 24th Birthday, OnePlus 10R Review, OnePlus 9RT Review, Netflix October 2022 Calendar,

Summer Podcasts on Movistar, Best Cycling Simulator Games, MyShopify, Ben Affleck Net Worth, Filmymeet, 5Movies, 8th September Zodiac, Kengan Ashura Season 3, iPhone 14 Plus Release Date, High School Season 5 DxD, How Gautam Adani Became The 3rd Richest Man In The World, Jeezy Net Worth, Historical Series On HBO Max, F2Movies, Best Travel Movies Of All Time, Vikings Season 7, How To Watch The Casting Attempt by Artemis I, Best Cookware for Home Cooks, Zodiac for September 2, Hubble’s Law and Age of the Universe, New Movies on Disney Plus September 2022, Amazon Prime Release Date September 2022, Steps to a Look Casual, Daredevil Season 4, Tinyzone, Elon Musk The Mother Sleeps In The Garage, Lady Gaga All Movies, Virgo,

Is TikTok Spying on You, Thank You in Spanish, Openload, Invention of Antibiotics, Subnautica, Knives Out 2, Best Basketball Anime, 13 Regions for Astronauts to Land on the Moon, Red Bottom Shoes, StoriesDown, Meaningful Learning, E-learning 2022, She-Hulk Release Date, Overlord Season 5, Samsung Galaxy Z Fold 4 Review, Feogi, Laal Singh Chaddha Review, Baki Season 5, Bflix, Leonardo DiCaprio Sneakers, Hurawatch, Salman Rushdie,

In addition to the above articles, you can read more

Accessibility Apps for Android, Best Jobs in the Metaverse, QueenslandMax, Shower Handle, August 11 Zodiac, How to Pass a Drug Test, How to Roll a Joint, iFun, Emerald Chat, How to Play Mancala, August 8 Zodiac August, OnePlus 10T Review, Jilo Virals, August 4th Zodiac, Findsnap, Tomb Raider Anime, Netflix August 2022 Calendar, Animixplay, Upcoming Marvel Movies 2022, July 31st Zodiac, Lily Collins Best Movies, Notepadqq, Flaxseeds with Milk Benefits, Imginn, Snaptik, Picuki, Alexis clark net worth, black panther 2,

See also  NewsGPT: The world's first news channel generated by artificial intelligence

Marvel Echo Release Date, Frozen Fruit Recipes, Black Tourmaline, Webtoon XYZ, Fastest VPN For Android, IFVOD, XXXX Dry Review, Highest Grossing Indian Movies Of All Time, Highest Grossing Movies Of All Time Times, Rush Limbaugh Net Worth. Gotham Season 7, Parag Agrawal Net Worth, Tara Reid Net Worth, Blonde Trailer, Fastest VPN For PC, India’s Highest Paid CEO 2022, Highest Paid Athletes 2022, My5 TV Activate, Kissmanga, Highest Paid CEO of 2022, Grey’s Anatomy Season 19, Alexa.com Alternatives, The Resident Season 6, Kraven The Hunter, One Punch Man Season 3, The Resident Season 5, Yellowstone Season 5, Ozark Season 4 Part 2, How to remove bookmarks on Mac,

Outer Banks Season 4, How to Watch NFL Games for Free, DesireMovies, 6streams, 4Anime, Moviesflix, 123MKV, MasterAnime, Buffstreams, GoMovies, VIPLeague, How to Play Music on Discord, Vampires Diaries Season 9, Homeland Season 9, Brent Rivera Net Worth , PDFDrive, SmallPDF, Knightfall Season 3, Crackstream, Kung Fu Panda 4, Angel Number 1616, Angel Number 333, Angel Number 666, Angel Number 777, Angel Number 444, Bruno Mars Net Worth, KissAnime, Courage Jim Carrey net, Bollyshare, Afdah, Prabhas Wife Name, Project Free TV, Kissasian, Kickassanime, Moviezwap, Jio Rockers, Dramacool, M4uHD, Hip Dips, M4ufree, Fiverr English Test Answers, Fiverr SEO Skill Test, NBAstreamsXYZ, Highest Paid CEO , The 100 season 8, and F95Zone.

Thank you for reading. Stay tuned!

Subscribe to our latest newsletter

To read our exclusive content, sign up now. $5/month, $50/year

Categories: Technology
Source: vtt.edu.vn

Leave a Comment