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    Twitter Soars After Musk Agrees To Close Acquisition At Original Price

    October 4, 2022
    1 Comment
    Image generated using artificial intelligence DALL-E Mini, given the language input "Elon Musk riding a horse"

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    Update: Here is the long-awaited letter (filed as a 13D) from Musk's lawyers at Skadden to Twitter's lawyer at Simpson Thatcher, confirming Musk's willingness to consummate the deal at its original stated terms, with just one potential out: the offer is pending receipt of debt financing proceeds (as well as the trial being adjourned). And so we are right back where we started in April, less some $50 million in legal fees.

    Bloomberg is reporting, according to people familiar with the matter, that Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, valuing the company at $44 billion.

    The billionaire’s lawyers communicated the proposal to Twitter’s lawyers overnight Monday and filed a letter confidentially with the Delaware Chancery Court ahead of an emergency hearing on the matter scheduled for Tuesday, the person said...

    To read more visit Zero Hedge.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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    I wonder what changes his mind? I’m sure it’s still full of bots.


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