44bn

Judge grants Twitter fast-track trial to decide fate of $44bn Musk deal

Judge grants Twitter fast-track trial to decide fate of $44bn Musk deal

Twitter won an early victory in its legal battle to force Elon Musk to complete his $44bn takeover of the company, after a judge sided with the social media company and set a timetable for a fast-track trial starting in October. In her ruling, Chancellor Kathaleen McCormick of the Delaware Court of Chancery warned the …

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Twitter hires US law firm Wachtell to sue Musk for ending $44bn takeover

Twitter hires US law firm Wachtell to sue Musk for ending $44bn takeover

Twitter has hired elite law firm Wachtell, Lipton, Rosen & Katz as it readies for a legal battle against Elon Musk, who has moved to terminate his $44bn acquisition of the social media company, according to two people familiar with the situation. The San Francisco company is preparing to file its lawsuit with the Delaware …

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Elon Musk may have to complete $44bn Twitter takeover, legal experts say

Elon Musk could be forced by a US court to complete his $44bn takeover of Twitter, according to legal experts, despite pulling the plug on the transaction. The Tesla chief executive told Twitter on Friday that he is terminating the deal, citing concerns over the number of spam accounts on the social media platform. Twitter’s …

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Musk’s $44bn Twitter deal is an M&A arb dream — or nightmare

Musk’s $44bn Twitter deal is an M&A arb dream — or nightmare

Elon Musk’s fitful attempt to take over Twitter is shaping up to be the event of the year for hedge funds that bet on takeover deals going through or collapsing. Musk’s marijuana-inspired $54.20-a-share offer has helped keep Twitter’s shares aloft, even as the rest of the technology complex has been taken to the woodshed in …

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Elon Musk and Twitter: a timeline of the $44bn deal that threatens to crumble

Elon Musk on Monday made his most viable threat yet to walk away from a $44bn deal to buy Twitter, accusing the company of committing a “material breach” by failing to disclose the number of bots on the platform. The letter was published on the website of the US financial watchdog on Monday. He had …

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