Will Elon Musk Buy Twitter? Yes or no? The Tesla billionaire and one of the richest men in the world first announced that he is buying the social media platform for $44 billion. Then, a few weeks later — after apparently disparaging the company on (where else?) Twitter and complaining about bot content — Musk appeared to be trying to go out of business. Twitter then sued Musk to force him to buy it, according to CNN. In the lawsuit, Twitter’s attorneys wrote, “Now, less than three months later, Musk is refusing to honor his obligations to Twitter and its shareholders because the deal he signed no longer serves his personal interests.” Apparently, Musk has the receipt Didn’t fully read Twitter’s return policy. In response, Musk tweeted, “Oh the irony lol.”
So what happens now? Will Musk be able to walk out of the deal with no legal consequences or leave a significant dent in his wallet? Or can Twitter sue him into submission? There’s an update on the case, and it’s not looking good for old Elon.
Elon Musk lost his first court battle with Twitter
After Twitter sued Elon Musk for pulling out of the $44 billion deal, Twitter pushed for an expedited trial date, and according to the New York Times, they got that. While Twitter was asking for a court hearing in September, Musk’s attorneys asked that the date be pushed back to February. Delaware Judge Kathaleen St. J. McCormick set the court date for October, saying, “The longer the merger transaction remains in limbo, the greater the uncertainty surrounding the company,” according to The Times. A Twitter representative said: “We are pleased that the court has agreed to expedite this process.”
Perhaps surprisingly, since Musk is known for “tweeting about it,” the only statement he made on the site following this legal loss was a one-word reply to a supporter in his Twitter fight. “Exactly,” Musk commented on one tweet that spoke for his legal side. However, according to another New York Times article, most legal experts agree that Twitter is in a better position legally. I guess we’ll all find out what’s happening with the site in October.