In their latest exchange of legal fire, Twitter has rejected new claims from billionaire Elon Musk that a whistleblower’s claims about the company give him grounds to exit his proposed $44 billion takeover.
10.08.2022 - 18:47 / deadline.com
Elon Musk sold $6.9 billion worth of shares Tesla this month to help finance an acquisition of Twitter — a deal he is fighting in court to avoid.
“In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk said in a tweet late Tuesday regarding the latest sale of shares in his electric automaker.
Yes.
In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.
— Elon Musk (@elonmusk) August 10, 2022
Musk offered to buy Twitter in April for $44 billion, or $54.20 a share, in cash. But the market dipped along with Twitter stock, and he appeared to become concerned about the number of fake, or BOT, accounts on the platform, engaging in a tit-for-tat with CEO Parag Agrawal over Twitter’s disclosures or lack thereof. Early in July, Musk just tore up the deal. Twitter sued him and a speedy trial in Delaware Chancery Court is set for Oct. 17.
But before it got to this point, Musk had looked to raise cash to finance the deal by unloading $8.5 billion worth of shares of Tesla, which he founded and controls. That created an overhang on the stock and serious griping by other Tesla stockholders. He’d promised to stop.
The latest sale saw Musk divest about 7.92 million shares between Aug. 5-9.
Musk said he would buy the Tesla stock back if he wins the suit and doesn’t end up buying Twitter.
Musk’s attorneys had asked for a trial in February. The judge, however, agreed with the Twitter camp that the delay would or could cause irreparable harm to the business. Twitter argues that Musk just got cold feet
In their latest exchange of legal fire, Twitter has rejected new claims from billionaire Elon Musk that a whistleblower’s claims about the company give him grounds to exit his proposed $44 billion takeover.
$229 billion — in Texas, the mom-of-three revealed she has to “sleep in the garage.”“You can’t have a fancy house near a rocket site,” she told The Times.Back in April, Elon himself revealed he doesn’t “even own a home right now,” and stays “at friend’s places.”Musk later tweeted that his primary residence is a rental from SpaceX, worth $50,000. What’s more, the residence is conveniently near the company’s Texas location. Musk began unloading his real estate portfolio last summer after revealing he would give up all tangible assets to devote his life “to Mars and Earth.” “I am selling almost all physical possessions.
Don’t Doubt Your Vibe‘ two years on from the track’s release.The Tesla and SpaceX CEO first revealed the song in January 2020, somewhat cementing the idea that music was another of his pursuits after releasing his debut single ‘RIP Harambe’ in 2019.Now, ‘Don’t Doubt Your Vibe’ comes with a music video that doubles up as an advert for Tesla, featuring Musk’s progressive house cut beneath shots of the company’s latest car models, Y and 3.The video was produced by Tesla’s China team, which prepped the cars and taught them to program their own lighting to put on a light display in time with the music. A post shared by Tesla (@teslamotors) ‘Don’t Doubt Your Vibe’ was Musk’s first foray into production too, helmed at LA’s Emo G Records, and features vocals by the billionaire himself.The music video was captioned “vibes” with no further information about further music.When Musk released ‘Don’t Doubt Your Vibe’, he temporarily changed his Twitter name to E “D” M, taking to the social platform to promote the track and inform fans that he was responsible for both writing and performing the lyrics.He also shared some photos of himself in the studio.Vibbbe pic.twitter.com/21WKNOnMXZ— Elon Musk (@elonmusk) January 31, 2020Meanwhile, earlier this week (August 23) Musk’s former partner and mother to two of his children, Grimes, hit out at journalists whom she claims are “stalking” and attempting to “dox” her and her children in an attempt to “get at” Musk.Grimes, who was in a relationship with Musk from 2018 to 2022, took to Twitter on Tuesday to blast those whom she claims are attempting to reveal personal information about her and her family.“To the journalists who are stalking me and trying to doxx me and my kids… contacting all my
Todd Spangler NY Digital EditorElon Musk, in a new bid to bolster the claim that he has the right to walk away from his $44 billion bid for Twitter, issued a subpoena to Jack Dorsey, co-founder and former CEO of Twitter.Through the subpoena, revealed Monday in a court filing, the world’s richest individual is hoping to turn up evidence that Dorsey may possess about how the social company has measured bot and spam accounts.Musk and Twitter are locked in a legal battle, playing out in Delaware Chancery Court, in which Twitter is seeking to hold Musk to the original buyout terms. Musk has argued in legal filings that Twitter has made “false and misleading representations” — including about the extent of fake and spam accounts on the service — which represented a material breach negating the pact.
“The Daily Show” segment “Dailyshowography,” calling him a “supervillain” and an “annoying dude.”“He’s part Thomas Edison, part Iron Man, part annoying dude in the group chat, and he’s anything but your standard CEO,” Shatner said.“[Musk is] a supervillain,” the Canadian actor added. “Yes, he’s the Technoking — as a joke.
Grimes is interested in getting ear elf surgery but it looks like her ex and father of her children Elon Musk is against it. On Monday, the singer asked her 1.3 million followers on Twitter for insight on body modification, and the billionaire responded directly to the tweet with a sassy comment.Grimes asked her followers, “Has anyone done elf ear mods with a good outcome? I’m scared about ear cartilage having a hard time healing.” “Especially as a musician this surgery seems risky but I’ve wanted it my whole life. Curious about people’s experiences,” she continued.
Grimes is very serious about wanting to have surgery done to her ears to make it seem like she has pointed, elf-like lobes.
Grimes really wants to look like an elf.
back out of his agreement to purchase Twitter, the CEO sold almost $7 billion in Tesla stocks on Tuesday. He says the move was made to “avoid an emergency sale of Tesla stock” down the line.In new filings this week, it was revealed that Musk sold nearly eight million shares of Tesla stock, which were worth about $6.9 billion.
Todd Spangler NY Digital EditorMega-billionaire Elon Musk sold share of Tesla worth about $6.9 billion on Aug. 5, according to regulatory filings.
Elon Musk’s dad Errol Musk did not hold back during an interview with Kyle and Jackie O’s radio show on KIIS FM.
Elon Musk‘s dad, Errol Musk, just did a 20 minute long interview where he appeared to shade his son multiple times.
Twitter has set a Sept. 13 date for a special meeting of shareholders to vote on its sale to Elon Musk. It’s the month before a trial set for October in Delaware Chancery Court where the social media company hopes to force the billionaire Tesla founder to actually follow through with his $44 billion purchase agreement.
Todd Spangler NY Digital EditorTwitter, which is fighting to extract billions from Elon Musk after he said he wanted to walk away from his $44 billion deal to buy the social network, recorded costs of $33.1 million for the second quarter related to the now-in-limbo merger.Twitter revealed the expenses in its 10-Q filing Tuesday with the SEC. Other than the $33.1 million in “transaction expenses” associated with Musk’s proposed takeover, “the terms of the Merger Agreement did not impact the Company’s consolidated financial statements,” the company said.Twitter has sued sued Musk, demanding that the CEO of Tesla and SpaceX make good on his $44 billion acquisition agreement.