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Submission: On October 04 via api from BH — Scanned from DE
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ELON MUSK PROPOSES CLOSING TWITTER DEAL ON ORIGINAL TERMS
AN AGREEMENT WOULD ALLOW THE SOCIAL-MEDIA COMPANY AND THE BILLIONAIRE TO AVERT A
HIGH-STAKES TRIAL THAT WAS SET TO START SOON
ELON MUSK WAS SET TO BE DEPOSED THIS WEEK AS PART OF PREPARATIONS FOR TRIAL.
Photo: Susan Walsh/Associated Press
By
Cara Lombardo
Oct. 4, 2022 12:37 pm ET
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Elon Musk has offered to close his $44 billion deal to buy Twitter Inc. on the
terms he originally agreed to, according to a person familiar with the matter,
an unexpected twist that could allow the two sides to avert a high-stakes trial
set to begin soon.
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.
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