If he had missed the deadline, we’d all be looking at a fresh Musk/Twitter trial date set for November. In early October when Musk announced, again, that he would buy Twitter if he could kill the upcoming trial, Judge McCormick only agreed if Musk could close the deal by Friday, October 28. Musk countersued Twitter in response, making unfounded claims that the company mislead him about the number of automated accounts on the platform - a number that is critical for advertisers and brands who want human eyeballs on their paid ads.Īs litigation between Musk and Twitter ramped up, Delaware Chancery Court Judge Kathaleen McCormick made it clear that she wasn’t here to humor Musk’s erratic shenanigans. Twitter sued Musk over the summer to force the Tesla and SpaceX CEO to follow through with the deal. It’s possible that Musk and his legal team read the tea leaves on their coming trial, which was originally set to begin on October 17. It’s not immediately clear why Musk backtracked, agreeing to buy Twitter after all. After enduring some embarrassing pre-trial discovery and facing a swiftly approaching date for his deposition, Musk announced that he would follow through after all. Twitter accepted, but Musk soon got cold feet and pulled out all the stops to get out of the deal, landing the parties in the Delaware Court of Chancery. Less than 10 fateful days later, the Tesla and SpaceX CEO declared his intent to buy Twitter for $44 billion. Musk first began flirting with the idea of owning Twitter in early April, when he bought 9.2% of the company for $3 billion. The road to take Twitter private has been a rocky one. Musk previously singled out the top executive with accusations of “left wing bias” over her role in policy decision making at Twitter, driving a wave of racist hate and harassment her way. It’s also no surprise that Gadde was among the first to go, in spite of being a well-respected figure in the company. Though it’s still an aggressive and abrupt Day One move, Agrawal was inevitable, given his well-documented clashes and a failed virtual meeting with Musk. Musk reportedly cleaned house on Thursday, firing CFO Ned Segal, Head of Legal, Policy and Trust Vijaya Gadde and General Counsel Sean Edgett right out of the gate.
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