News that Elon Musk has agreed to proceed with his $44 billion deal to buy Twitter after all may feel like a big surprise. elonmusk kprc2 click2houston twitter
Shown is the Leonard L. Williams Justice Center housing the Court of Chancery in Wilmington, Del., Tuesday, Oct. 4, 2022. Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform. The offer comes just two weeks before Twitter's lawsuit seeking to force Musk to go through with the deal goes to trial in Delaware Chancery Court.
Gambles, missteps, and potential reprieves that failed to pan out, weakened an already dicey case for withdrawal. And then there is the potentially embarrassing deposition scheduled for Thursday and what most considered a long-shot chance for reprieve before a Chancery Court in Delaware in less than two weeks.
A former Twitter head of security, fired early this year and turned whistleblower, appeared to bolster Musk’s argument. Peiter “Mudge” Zatko, a respected cybersecurity expert,alleging that Twitter misled regulators about its efforts to control millions of spam accounts as well as its cyber defenses.
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