- by foxnews
- 28 Nov 2024
Whistleblower claims may not free Elon Musk from his Twitter hook
Whistleblower claims may not free Elon Musk from his Twitter hook
- by theguardian
- 20 Sep 2022
- in technology
1.0 k views
It is unlikely that the Tesla CEO, who owns more than 9% of Twitter and agreed to buy the company in April, was among the 99% of voting shareholders who backed that $44bn (£38.5bn) deal, given he is now determined to abandon it. A Delaware judge will decide at a trial beginning on 17 October whether Musk gets to walk away, or be forced to acquire the business on the terms that he had agreed upon.
Hedge funds, financial firms that like to take big bets on certain market outcomes, also appear to be on the side of (the majority of) Twitter shareholders.
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