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Musk said to propose to Twitter to proceed with deal at $54.20, shares halted

36 pointsby fooeyover 2 years ago

3 comments

fooeyover 2 years ago
Here&#x27;s Bloomberg backing up the tweet:<p><a href="https:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2022-10-04&#x2F;elon-musk-proposes-to-proceed-with-twitter-deal-at-54-20-a-share-twtr" rel="nofollow">https:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2022-10-04&#x2F;elon-musk...</a>
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minimaxirover 2 years ago
&quot;Why?&quot; is probably the best response to this news, since Elon Musk was admant about seeing this through.<p>He was scheduled for a deposition this Thursday&#x2F;Friday which might have been related to this sudden announcement: <a href="https:&#x2F;&#x2F;news.bloomberglaw.com&#x2F;securities-law&#x2F;musk-to-be-deposed-oct-6-7-in-austin-texas-in-twitter-case" rel="nofollow">https:&#x2F;&#x2F;news.bloomberglaw.com&#x2F;securities-law&#x2F;musk-to-be-depo...</a>
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jqpabc123over 2 years ago
In other words, Musk has issued an open invitation to stop the existing lawsuit and go back to negotiating.<p>He has already proven that any offer he makes is really just another negotiating tactic.<p>Musk is working real hard to be the new Trump --- his word is his bond --- in Bizarro World.
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