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tech / sci.electronics.design / Elon Musk says he is terminating $44bn Twitter deal

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Elon Musk says he is terminating $44bn Twitter deal

<5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com>

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 by: a a - Fri, 8 Jul 2022 22:54 UTC

Elon Musk says he is terminating $44bn Twitter deal Musk’s lawyers say Twitter failed or refused to respond to multiple requests for information on fake or spam accounts. The Twitter board unanimously agreed to sell the social media platform to Tesla CEO Elon Musk in April [File: Mike Blake/Reuters]

Elon Musk says he is terminating $44bn Twitter deal

www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitter-deal

www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt…

Will Twitter Sue Elon Musk to complete the merger?
Will Twitter hold Elon Musk to his original terms?
What happened to Twitter and Tesla on Friday?

Re: Elon Musk says he is terminating $44bn Twitter deal

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 by: a a - Fri, 8 Jul 2022 22:58 UTC

On Saturday, 9 July 2022 at 00:54:36 UTC+2, a a wrote:
> Elon Musk says he is terminating $44bn Twitter deal Musk’s lawyers say Twitter failed or refused to respond to multiple requests for information on fake or spam accounts. The Twitter board unanimously agreed to sell the social media platform to Tesla CEO Elon Musk in April [File: Mike Blake/Reuters]
>
> Elon Musk says he is terminating $44bn Twitter deal
>
> www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitter-deal
>
> www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt…
>
>
>
> Will Twitter Sue Elon Musk to complete the merger?
> Will Twitter hold Elon Musk to his original terms?
> What happened to Twitter and Tesla on Friday?
>



Elon Musk Withdraws Bid for Twitter. Get Ready for a Court Battle.
Last Updated: July 8, 2022 at 6:47 p.m. ET
First Published: July 8, 2022 at 6:06 p.m. ET
By Ben Levisohn and
Eric J. Savitz
comments

Referenced Symbols

TWTR
-5.10%
TSLA
+2.54%

Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images

Twitter stock was falling Friday night after Elon Musk said he is terminating his deal to buy the social media company, saying that the company breached the terms of the agreement by refusing to provide detailed information about fake accounts on the site.

In a Friday filing that came after the stock market had closed, Musk reported that a letter had been sent to Twitter (ticker: TWTR) terminating the merger agreement. In the text of the letter, Musk said that Twitter had “not complied with its contractual obligation,” and that he was therefore ending the deal.

The original deal required a $1 billion breakup fee, but it remains to be seen whether Musk will fight paying it. Twitter said shortly after the news emerged that it will fight to enforce the merger agreement.
See Also

Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
Musk Could Save $400 Million in Taxes by Walking Away
At Twitter’s Staff Meeting, Musk Downplayed Layoffs and Pushed Free Speech for Users
Opinion: The Ancient Origins of Twitter’s Power

The letter to Twitter, signed by Skadden, Arps, Slate Meagher & Flom attorney Mike Ringler, Musk’s outside counsel for the deal, focused specifically on Musk’s longstanding assertion that Twitter has a larger number of “false or spam accounts.”

In the letter, Ringler said that for nearly two months, Musk has been seeking data to make an independent assessment of the prevalence of spam accounts on the platform, information “fundamental to Twitter’s business and financial performance.” And he alleged that “Twitter has failed or refused to provide this information. Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”

The letter goes on to claim that Twitter’s SEC filings contain false information on the same issue. “Mr. Musk has reason to believe that the true number of false or spam accounts on Twitter’s platform is substantially higher than the amount of less than 5% represented by Twitter in its SEC filings,” he wrote.

The letter doesn’t address the question of the $1 billion breakup fee in the original merger agreement.

Twitter intends to force Musk to proceed with the deal. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement,” Twitter Chairman Bret Taylor said in a tweet. “We are confident we will prevail in the Delaware Court of Chancery.”

Wedbush analyst Dan Ives said in a research note Friday afternoon that Musk’s move is a “disaster scenario for Twitter,” which will now face “an elongated court battle” to either restore the deal or get paid the breakup fee. He predicted that Twitter stock is likely to drop to the $25 to $30 range when it opens for trading on Monday.

Twitter stock was down 6.25% at $34.53 in after-hours trading Friday, while Tesla stock, which was used to back a loan for Musk’s purchase, was up 1.4%.

Write to Ben Levisohn at ben.levisohn@barrons.com and Eric J. Savitz at eric.savitz@barrons.com
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Read full story
3 sectors to watch that are favored by high-net-worth investors

Elon Musk says he is terminating $44bn Twitter deal

<kY5yK.415766$cEE9.306211@usenetxs.com>

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Google Groups idiot...

--
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> Subject: Elon Musk says he is terminating $44bn Twitter deal
> From: a a <manta103g@gmail.com>
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> Elon Musk says he is terminating $44bn Twitter deal Musk=E2=80=99s lawyers =
> say Twitter failed or refused to respond to multiple requests for informati=
> on on fake or spam accounts. The Twitter board unanimously agreed to sell t=
> he social media platform to Tesla CEO Elon Musk in April [File: Mike Blake/=
> Reuters]
>
> Elon Musk says he is terminating $44bn Twitter deal
>
> www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt=
> er-deal
>
> www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt=
> =E2=80=A6
>
>
>
> Will Twitter Sue Elon Musk to complete the merger?
> Will Twitter hold Elon Musk to his original terms?
> What happened to Twitter and Tesla on Friday?

Re: Elon Musk says he is terminating $44bn Twitter deal

<_Y5yK.390543$Aqw9.115341@usenetxs.com>

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 by: John Doe - Sat, 9 Jul 2022 02:45 UTC

Google Groups spam...

--
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> Jul 2022 15:58:51 -0700 (PDT)
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> Message-ID: <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com>
> Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
> From: a a <manta103g@gmail.com>
> Injection-Date: Fri, 08 Jul 2022 22:58:51 +0000
> Content-Type: text/plain; charset="UTF-8"
> Content-Transfer-Encoding: quoted-printable
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>
> On Saturday, 9 July 2022 at 00:54:36 UTC+2, a a wrote:
> > Elon Musk says he is terminating $44bn Twitter deal Musk=E2=80=99s lawyer=
> s say Twitter failed or refused to respond to multiple requests for informa=
> tion on fake or spam accounts. The Twitter board unanimously agreed to sell=
> the social media platform to Tesla CEO Elon Musk in April [File: Mike Blak=
> e/Reuters]=20
> >=20
> > Elon Musk says he is terminating $44bn Twitter deal=20
> >=20
> > www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twi=
> tter-deal=20
> >=20
> > www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twi=
> tt=E2=80=A6=20
> >=20
> >=20
> >=20
> > Will Twitter Sue Elon Musk to complete the merger?=20
> > Will Twitter hold Elon Musk to his original terms?=20
> > What happened to Twitter and Tesla on Friday?
> >
> =20
> =20
> =20
>
> =20
>
> =20
>
> =20
>
> =20
> Elon Musk Withdraws Bid for Twitter. Get Ready for a Court Battle.
> Last Updated: July 8, 2022 at 6:47 p.m. ET
> First Published: July 8, 2022 at 6:06 p.m. ET
> By Ben Levisohn and
> Eric J. Savitz
> comments
>
> Referenced Symbols
>
> TWTR
> -5.10%
> TSLA
> +2.54%
>
> Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images
>
> Twitter stock was falling Friday night after Elon Musk said he is terminati=
> ng his deal to buy the social media company, saying that the company breach=
> ed the terms of the agreement by refusing to provide detailed information a=
> bout fake accounts on the site.
>
> In a Friday filing that came after the stock market had closed, Musk report=
> ed that a letter had been sent to Twitter (ticker: TWTR) terminating the me=
> rger agreement. In the text of the letter, Musk said that Twitter had =E2=
> =80=9Cnot complied with its contractual obligation,=E2=80=9D and that he wa=
> s therefore ending the deal.
>
> The original deal required a $1 billion breakup fee, but it remains to be s=
> een whether Musk will fight paying it. Twitter said shortly after the news =
> emerged that it will fight to enforce the merger agreement.
> See Also
>
> Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
> Musk Could Save $400 Million in Taxes by Walking Away=20
> At Twitter=E2=80=99s Staff Meeting, Musk Downplayed Layoffs and Pushed =
> Free Speech for Users
> Opinion: The Ancient Origins of Twitter=E2=80=99s Power
>
> The letter to Twitter, signed by Skadden, Arps, Slate Meagher & Flom attorn=
> ey Mike Ringler, Musk=E2=80=99s outside counsel for the deal, focused speci=
> fically on Musk=E2=80=99s longstanding assertion that Twitter has a larger =
> number of =E2=80=9Cfalse or spam accounts.=E2=80=9D
>
> In the letter, Ringler said that for nearly two months, Musk has been seeki=
> ng data to make an independent assessment of the prevalence of spam account=
> s on the platform, information =E2=80=9Cfundamental to Twitter=E2=80=99s bu=
> siness and financial performance.=E2=80=9D And he alleged that =E2=80=9CTwi=
> tter has failed or refused to provide this information. Sometimes Twitter h=
> as ignored Mr. Musk=E2=80=99s requests, sometimes it has rejected them for =
> reasons that appear to be unjustified, and sometimes it has claimed to comp=
> ly while giving Mr. Musk incomplete or unusable information.=E2=80=9D
>
> The letter goes on to claim that Twitter=E2=80=99s SEC filings contain fals=
> e information on the same issue. =E2=80=9CMr. Musk has reason to believe th=
> at the true number of false or spam accounts on Twitter=E2=80=99s platform =
> is substantially higher than the amount of less than 5% represented by Twit=
> ter in its SEC filings,=E2=80=9D he wrote.
>
> The letter doesn=E2=80=99t address the question of the $1 billion breakup f=
> ee in the original merger agreement.
>
> Twitter intends to force Musk to proceed with the deal. =E2=80=9CThe Twitte=
> r Board is committed to closing the transaction on the price and terms agre=
> ed upon with Mr. Musk and plans to pursue legal action to enforce the merge=
> r agreement,=E2=80=9D Twitter Chairman Bret Taylor said in a tweet. =E2=80=
> =9CWe are confident we will prevail in the Delaware Court of Chancery.=E2=
> =80=9D
>
> Wedbush analyst Dan Ives said in a research note Friday afternoon that Musk=
> =E2=80=99s move is a =E2=80=9Cdisaster scenario for Twitter,=E2=80=9D which=
> will now face =E2=80=9Can elongated court battle=E2=80=9D to either restor=
> e the deal or get paid the breakup fee. He predicted that Twitter stock is =
> likely to drop to the $25 to $30 range when it opens for trading on Monday.
>
> Twitter stock was down 6.25% at $34.53 in after-hours trading Friday, while=
> Tesla stock, which was used to back a loan for Musk=E2=80=99s purchase, wa=
> s up 1.4%.
>
> Write to Ben Levisohn at ben.levisohn@barrons.com and Eric J. Savitz at eri=
> c.savitz@barrons.com
> Advertisement
> Most Popular
> Read full story
> Digital World stock surges after Elon Musk terminates Twitter purchase
> Read full story
> Elon Musk terminates deal to buy Twitter, and Twitter=E2=80=99s chairman pr=
> omises a legal fight
> Read full story
> Tesla stock heads higher in after hours after Musk ends Twitter deal
> Read full story
> 3 sectors to watch that are favored by high-net-worth investors

Re: Elon Musk says he is terminating $44bn Twitter deal

<r76yK.138310$cVE6.28078@usenetxs.com>

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From: dtgame...@gmail.com (Edward Hernandez)
Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
Newsgroups: sci.electronics.design,free.spam
References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com> <_Y5yK.390543$Aqw9.115341@usenetxs.com>
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 by: Edward Hernandez - Sat, 9 Jul 2022 02:56 UTC

In message-id <t6nt3e$7bp$3@dont-email.me>
(http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
12:50:54 -0000 (UTC) John Doe stated:

> Always Wrong, the utterly foulmouthed group idiot, adding absolutely
> NOTHING but insults to this thread, as usual...

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe's post ratio to
USENET (**) has been 69.1% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe has posted at
least 2752 articles to USENET. Of which 176 have been pure insults and
1725 have been John Doe "troll format" postings.

The Troll Doe stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the Troll Doe stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless Troll Doe has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Sat, 09 Jul 2022 02:45:14 GMT in message-id
<_Y5yK.390543$Aqw9.115341@usenetxs.com>).

NOBODY likes the John Doe troll's contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

mLkmHSv1DRuy

Elon Musk says he is terminating $44bn Twitter deal

<z76yK.138314$cVE6.124755@usenetxs.com>

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From: dtgame...@gmail.com (Edward Hernandez)
Subject: Elon Musk says he is terminating $44bn Twitter deal
Newsgroups: sci.electronics.design,free.spam
References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <kY5yK.415766$cEE9.306211@usenetxs.com>
Lines: 40
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X-Complaints-To: https://www.astraweb.com/aup
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Date: Sat, 09 Jul 2022 02:56:31 GMT
X-Received-Bytes: 2135
 by: Edward Hernandez - Sat, 9 Jul 2022 02:56 UTC

In message-id <t6nt3e$7bp$3@dont-email.me>
(http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
12:50:54 -0000 (UTC) John Doe stated:

> Always Wrong, the utterly foulmouthed group idiot, adding absolutely
> NOTHING but insults to this thread, as usual...

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe's post ratio to
USENET (**) has been 69.1% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe has posted at
least 2752 articles to USENET. Of which 176 have been pure insults and
1725 have been John Doe "troll format" postings.

The John Doe troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the John Doe troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless John Doe troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Sat, 09 Jul 2022 02:44:32 GMT in message-id
<kY5yK.415766$cEE9.306211@usenetxs.com>).

NOBODY likes the John Doe troll's contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

3WwRas5sd73C

Re: Elon Musk says he is terminating $44bn Twitter deal

<tab59b$vh0l$11@dont-email.me>

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Path: i2pn2.org!i2pn.org!eternal-september.org!reader01.eternal-september.org!.POSTED!not-for-mail
From: always.l...@message.header (John Doe)
Newsgroups: sci.electronics.design,free.spam,free.spam
Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
Followup-To: alt.test.group
Date: Sat, 9 Jul 2022 05:55:55 -0000 (UTC)
Organization: A noiseless patient Spider
Lines: 185
Message-ID: <tab59b$vh0l$11@dont-email.me>
References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com> <_Y5yK.390543$Aqw9.115341@usenetxs.com>
Injection-Date: Sat, 9 Jul 2022 05:55:55 -0000 (UTC)
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logging-data="1033237"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX1/Eeg4/4AzyMO4QYsL+FiB2qLKyPEJ5KhA="
User-Agent: Xnews/2006.08.05
Cancel-Lock: sha1:Yx5uCksUvFUUop9pf+VTkFOqFYw=
 by: John Doe - Sat, 9 Jul 2022 05:55 UTC

Eddie, the Astraweb nym-shifting forger is trolling off-topic and other posts
with its copy of my ID, then replies (or not) to its own post, strangely, as if it
were replying to me.

See also...
Edward H. <dtgamer99 gmail.com>
Edward Hernandez <dtgamer99 gmail.com>
Peter Weiner <dtgamer99 gmail.com>
John Doe <always.look message.header> (Astraweb, Aioe.org)
Bertrand Sindri <bertrand.sindri yahoo.com> (unlikely but possible)

--
John Doe <always.look@message.header> wrote:

> Path: eternal-september.org!reader01.eternal-september.org!usenet.blueworldhosting.com!feed1.usenet.blueworldhosting.com!peer01.iad!feed-me.highwinds-media.com!peer01.ams1!peer.ams1.xlned.com!news.xlned.com!peer03.ams4!peer.am4.highwinds-media.com!news.highwinds-media.com!fx02.ams4.POSTED!not-for-mail
> From: John Doe <always.look@message.header>
> Newsgroups: sci.electronics.design,free.spam
> Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
> Followup-To: alt.test.group
> References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com>
> Injection-Date: Fri, 8 Jul 2022 22:45:14 -0000 (UTC)
> Injection-Info: reader02.eternal-september.org; posting-host="aefae07b417003b570527823e77a9930"; logging-data="29200"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX18QBXYPJWay5G0R7zD10mjY5gUD5xOvt6I="
> User-Agent: Xnews/2006.08.05
> Lines: 151
> Message-ID: <_Y5yK.390543$Aqw9.115341@usenetxs.com>
> X-Complaints-To: https://www.astraweb.com/aup
> NNTP-Posting-Date: Sat, 09 Jul 2022 02:45:14 UTC
> Date: Sat, 09 Jul 2022 02:45:14 GMT
> X-Received-Bytes: 7719
> Xref: reader01.eternal-september.org sci.electronics.design:673432 free.spam:20603
>
> Google Groups spam...
>
> --
> a a <manta103g@gmail.com> wrote:
>
>> X-Received: by 2002:a05:620a:1517:b0:6b5:7180:9313 with SMTP id i23-20020a05620a151700b006b571809313mr394688qkk.717.1657321131509;
>> Fri, 08 Jul 2022 15:58:51 -0700 (PDT)
>> X-Received: by 2002:a81:5d05:0:b0:31c:e010:fbc with SMTP id
>> r5-20020a815d05000000b0031ce0100fbcmr6672201ywb.381.1657321131244; Fri, 08
>> Jul 2022 15:58:51 -0700 (PDT)
>> Path: not-for-mail
>> Newsgroups: sci.electronics.design
>> Date: Fri, 8 Jul 2022 15:58:51 -0700 (PDT)
>> In-Reply-To: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com>
>> Injection-Info: google-groups.googlegroups.com; posting-host=46.134.13.100; posting-account=XS5sXwoAAABKU0kHcsk_nashWaidAu0Q
>> NNTP-Posting-Host: 46.134.13.100
>> References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com>
>> User-Agent: G2/1.0
>> MIME-Version: 1.0
>> Message-ID: <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com>
>> Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
>> From: a a <manta103g@gmail.com>
>> Injection-Date: Fri, 08 Jul 2022 22:58:51 +0000
>> Content-Type: text/plain; charset="UTF-8"
>> Content-Transfer-Encoding: quoted-printable
>> X-Received-Bytes: 6492
>>
>> On Saturday, 9 July 2022 at 00:54:36 UTC+2, a a wrote:
>> > Elon Musk says he is terminating $44bn Twitter deal Musk=E2=80=99s lawyer=
>> s say Twitter failed or refused to respond to multiple requests for informa=
>> tion on fake or spam accounts. The Twitter board unanimously agreed to sell=
>> the social media platform to Tesla CEO Elon Musk in April [File: Mike Blak=
>> e/Reuters]=20
>> >=20
>> > Elon Musk says he is terminating $44bn Twitter deal=20
>> >=20
>> > www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twi=
>> tter-deal=20
>> >=20
>> > www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twi=
>> tt=E2=80=A6=20
>> >=20
>> >=20
>> >=20
>> > Will Twitter Sue Elon Musk to complete the merger?=20
>> > Will Twitter hold Elon Musk to his original terms?=20
>> > What happened to Twitter and Tesla on Friday?
>> >
>> =20
>> =20
>> =20
>>
>> =20
>>
>> =20
>>
>> =20
>>
>> =20
>> Elon Musk Withdraws Bid for Twitter. Get Ready for a Court Battle.
>> Last Updated: July 8, 2022 at 6:47 p.m. ET
>> First Published: July 8, 2022 at 6:06 p.m. ET
>> By Ben Levisohn and
>> Eric J. Savitz
>> comments
>>
>> Referenced Symbols
>>
>> TWTR
>> -5.10%
>> TSLA
>> +2.54%
>>
>> Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images
>>
>> Twitter stock was falling Friday night after Elon Musk said he is terminati=
>> ng his deal to buy the social media company, saying that the company breach=
>> ed the terms of the agreement by refusing to provide detailed information a=
>> bout fake accounts on the site.
>>
>> In a Friday filing that came after the stock market had closed, Musk report=
>> ed that a letter had been sent to Twitter (ticker: TWTR) terminating the me=
>> rger agreement. In the text of the letter, Musk said that Twitter had =E2=
>> =80=9Cnot complied with its contractual obligation,=E2=80=9D and that he wa=
>> s therefore ending the deal.
>>
>> The original deal required a $1 billion breakup fee, but it remains to be s=
>> een whether Musk will fight paying it. Twitter said shortly after the news =
>> emerged that it will fight to enforce the merger agreement.
>> See Also
>>
>> Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
>> Musk Could Save $400 Million in Taxes by Walking Away=20
>> At Twitter=E2=80=99s Staff Meeting, Musk Downplayed Layoffs and Pushed =
>> Free Speech for Users
>> Opinion: The Ancient Origins of Twitter=E2=80=99s Power
>>
>> The letter to Twitter, signed by Skadden, Arps, Slate Meagher & Flom attorn=
>> ey Mike Ringler, Musk=E2=80=99s outside counsel for the deal, focused speci=
>> fically on Musk=E2=80=99s longstanding assertion that Twitter has a larger =
>> number of =E2=80=9Cfalse or spam accounts.=E2=80=9D
>>
>> In the letter, Ringler said that for nearly two months, Musk has been seeki=
>> ng data to make an independent assessment of the prevalence of spam account=
>> s on the platform, information =E2=80=9Cfundamental to Twitter=E2=80=99s bu=
>> siness and financial performance.=E2=80=9D And he alleged that =E2=80=9CTwi=
>> tter has failed or refused to provide this information. Sometimes Twitter h=
>> as ignored Mr. Musk=E2=80=99s requests, sometimes it has rejected them for =
>> reasons that appear to be unjustified, and sometimes it has claimed to comp=
>> ly while giving Mr. Musk incomplete or unusable information.=E2=80=9D
>>
>> The letter goes on to claim that Twitter=E2=80=99s SEC filings contain fals=
>> e information on the same issue. =E2=80=9CMr. Musk has reason to believe th=
>> at the true number of false or spam accounts on Twitter=E2=80=99s platform =
>> is substantially higher than the amount of less than 5% represented by Twit=
>> ter in its SEC filings,=E2=80=9D he wrote.
>>
>> The letter doesn=E2=80=99t address the question of the $1 billion breakup f=
>> ee in the original merger agreement.
>>
>> Twitter intends to force Musk to proceed with the deal. =E2=80=9CThe Twitte=
>> r Board is committed to closing the transaction on the price and terms agre=
>> ed upon with Mr. Musk and plans to pursue legal action to enforce the merge=
>> r agreement,=E2=80=9D Twitter Chairman Bret Taylor said in a tweet. =E2=80=
>> =9CWe are confident we will prevail in the Delaware Court of Chancery.=E2=
>> =80=9D
>>
>> Wedbush analyst Dan Ives said in a research note Friday afternoon that Musk=
>> =E2=80=99s move is a =E2=80=9Cdisaster scenario for Twitter,=E2=80=9D which=
>> will now face =E2=80=9Can elongated court battle=E2=80=9D to either restor=
>> e the deal or get paid the breakup fee. He predicted that Twitter stock is =
>> likely to drop to the $25 to $30 range when it opens for trading on Monday.
>>
>> Twitter stock was down 6.25% at $34.53 in after-hours trading Friday, while=
>> Tesla stock, which was used to back a loan for Musk=E2=80=99s purchase, wa=
>> s up 1.4%.
>>
>> Write to Ben Levisohn at ben.levisohn@barrons.com and Eric J. Savitz at eri=
>> c.savitz@barrons.com
>> Advertisement
>> Most Popular
>> Read full story
>> Digital World stock surges after Elon Musk terminates Twitter purchase
>> Read full story
>> Elon Musk terminates deal to buy Twitter, and Twitter=E2=80=99s chairman pr=
>> omises a legal fight
>> Read full story
>> Tesla stock heads higher in after hours after Musk ends Twitter deal
>> Read full story
>> 3 sectors to watch that are favored by high-net-worth investors
>
>
>


Click here to read the complete article
Re: Elon Musk says he is terminating $44bn Twitter deal

<tab5a2$vh0l$13@dont-email.me>

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https://www.novabbs.com/tech/article-flat.php?id=101030&group=sci.electronics.design#101030

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Path: i2pn2.org!i2pn.org!eternal-september.org!reader01.eternal-september.org!.POSTED!not-for-mail
From: always.l...@message.header (John Doe)
Newsgroups: sci.electronics.design,free.spam,free.spam
Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
Followup-To: alt.test.group
Date: Sat, 9 Jul 2022 05:56:19 -0000 (UTC)
Organization: A noiseless patient Spider
Lines: 79
Message-ID: <tab5a2$vh0l$13@dont-email.me>
References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <kY5yK.415766$cEE9.306211@usenetxs.com>
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User-Agent: Xnews/2006.08.05
Cancel-Lock: sha1:g7V8c4evKsQe4Ul/LdLyNdJiqko=
 by: John Doe - Sat, 9 Jul 2022 05:56 UTC

Eddie, the Astraweb nym-shifting forger is trolling off-topic and other posts
with its copy of my ID, then replies (or not) to its own post, strangely, as if it
were replying to me.

See also...
Edward H. <dtgamer99 gmail.com>
Edward Hernandez <dtgamer99 gmail.com>
Peter Weiner <dtgamer99 gmail.com>
John Doe <always.look message.header> (Astraweb, Aioe.org)
Bertrand Sindri <bertrand.sindri yahoo.com> (unlikely but possible)

--
John Doe <always.look@message.header> wrote:

> Path: eternal-september.org!reader01.eternal-september.org!feeder1.feed.usenet.farm!feed.usenet.farm!news-out.netnews.com!news.alt.net!fdc2.netnews.com!peer02.ams1!peer.ams1.xlned.com!news.xlned.com!peer01.ams4!peer.am4.highwinds-media.com!news.highwinds-media.com!fx03.ams4.POSTED!not-for-mail
> From: John Doe <always.look@message.header>
> Newsgroups: sci.electronics.design,free.spam
> Subject: Elon Musk says he is terminating $44bn Twitter deal
> Followup-To: alt.test.group
> References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com>
> Injection-Date: Fri, 8 Jul 2022 22:44:32 -0000 (UTC)
> Injection-Info: reader02.eternal-september.org; posting-host="aefae07b417003b570527823e77a9930"; logging-data="29200"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX18QBXYPJWay5G0R7zD10mjY5gUD5xOvt6I="
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> X-Complaints-To: https://www.astraweb.com/aup
> NNTP-Posting-Date: Sat, 09 Jul 2022 02:44:32 UTC
> Date: Sat, 09 Jul 2022 02:44:32 GMT
> X-Received-Bytes: 2750
> Xref: reader01.eternal-september.org sci.electronics.design:673431 free.spam:20602
>
> Google Groups idiot...
>
> --
> a a <manta103g@gmail.com> wrote:
>
>> X-Received: by 2002:ac8:4e46:0:b0:31e:a9f3:f246 with SMTP id e6-20020ac84e46000000b0031ea9f3f246mr1900460qtw.635.1657320874240;
>> Fri, 08 Jul 2022 15:54:34 -0700 (PDT)
>> X-Received: by 2002:a25:b74a:0:b0:66a:775d:a257 with SMTP id
>> e10-20020a25b74a000000b0066a775da257mr5869092ybm.381.1657320873971; Fri, 08
>> Jul 2022 15:54:33 -0700 (PDT)
>> Path: not-for-mail
>> Newsgroups: sci.electronics.design
>> Date: Fri, 8 Jul 2022 15:54:33 -0700 (PDT)
>> Injection-Info: google-groups.googlegroups.com; posting-host=46.134.13.100; posting-account=XS5sXwoAAABKU0kHcsk_nashWaidAu0Q
>> NNTP-Posting-Host: 46.134.13.100
>> User-Agent: G2/1.0
>> MIME-Version: 1.0
>> Message-ID: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com>
>> Subject: Elon Musk says he is terminating $44bn Twitter deal
>> From: a a <manta103g@gmail.com>
>> Injection-Date: Fri, 08 Jul 2022 22:54:34 +0000
>> Content-Type: text/plain; charset="UTF-8"
>> Content-Transfer-Encoding: quoted-printable
>> X-Received-Bytes: 1843
>>
>> Elon Musk says he is terminating $44bn Twitter deal Musk=E2=80=99s lawyers =
>> say Twitter failed or refused to respond to multiple requests for informati=
>> on on fake or spam accounts. The Twitter board unanimously agreed to sell t=
>> he social media platform to Tesla CEO Elon Musk in April [File: Mike Blake/=
>> Reuters]
>>
>> Elon Musk says he is terminating $44bn Twitter deal
>>
>> www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt=
>> er-deal
>>
>> www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt=
>> =E2=80=A6
>>
>>
>>
>> Will Twitter Sue Elon Musk to complete the merger?
>> Will Twitter hold Elon Musk to his original terms?
>> What happened to Twitter and Tesla on Friday?
>
>
>

Re: Elon Musk says he is terminating $44bn Twitter deal

<BM8yK.388424$Zth9.303463@usenetxs.com>

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From: dtgame...@gmail.com (Edward Hernandez)
Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
Newsgroups: sci.electronics.design,free.spam,free.spam
References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com> <_Y5yK.390543$Aqw9.115341@usenetxs.com> <tab59b$vh0l$11@dont-email.me>
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X-Complaints-To: https://www.astraweb.com/aup
NNTP-Posting-Date: Sat, 09 Jul 2022 05:56:49 UTC
Date: Sat, 09 Jul 2022 05:56:49 GMT
X-Received-Bytes: 2239
 by: Edward Hernandez - Sat, 9 Jul 2022 05:56 UTC

In message-id <t6nt3e$7bp$3@dont-email.me>
(http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
12:50:54 -0000 (UTC) John Dope stated:

> Always Wrong, the utterly foulmouthed group idiot, adding absolutely
> NOTHING but insults to this thread, as usual...

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
to USENET (**) has been 69.3% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
least 2771 articles to USENET. Of which 176 have been pure insults and
1744 have been John Dope "troll format" postings.

The John Doe troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the John Doe troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless John Doe troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Sat, 9 Jul 2022 05:55:55 -0000 (UTC) in message-id
<tab59b$vh0l$11@dont-email.me>).

NOBODY likes the John Doe troll's contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

5Exwp1QhD5zy

Re: Elon Musk says he is terminating $44bn Twitter deal

<EM8yK.388426$Zth9.229648@usenetxs.com>

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https://www.novabbs.com/tech/article-flat.php?id=101032&group=sci.electronics.design#101032

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From: dtgame...@gmail.com (Edward Hernandez)
Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
Newsgroups: sci.electronics.design,free.spam,free.spam
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 by: Edward Hernandez - Sat, 9 Jul 2022 05:56 UTC

In message-id <t6nt3e$7bp$3@dont-email.me>
(http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
12:50:54 -0000 (UTC) John Dope stated:

> Always Wrong, the utterly foulmouthed group idiot, adding absolutely
> NOTHING but insults to this thread, as usual...

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
to USENET (**) has been 69.3% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
least 2771 articles to USENET. Of which 176 have been pure insults and
1744 have been John Dope "troll format" postings.

The Troll Doe stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the Troll Doe stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless Troll Doe has itself posted yet another
incorrectly formatted USENET posting on Sat, 9 Jul 2022 05:56:19 -0000
(UTC) in message-id <tab5a2$vh0l$13@dont-email.me>.

17y0e2A6qACO

Re: Elon Musk says he is terminating $44bn Twitter deal

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https://www.novabbs.com/tech/article-flat.php?id=101036&group=sci.electronics.design#101036

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Newsgroups: sci.electronics.design
Date: Sat, 9 Jul 2022 06:11:11 -0700 (PDT)
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Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
From: manta1...@gmail.com (a a)
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 by: a a - Sat, 9 Jul 2022 13:11 UTC

On Saturday, 9 July 2022 at 07:56:58 UTC+2, Edward Hernandez wrote:
> In message-id <t6nt3e$7bp$3...@dont-email.me>
> (http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
> 12:50:54 -0000 (UTC) John Dope stated:
>
> > Always Wrong, the utterly foulmouthed group idiot, adding absolutely
> > NOTHING but insults to this thread, as usual...
>
> Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
> to USENET (**) has been 69.3% of its posts contributing "nothing except
> insults" to USENET.
>
> ** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
> least 2771 articles to USENET. Of which 176 have been pure insults and
> 1744 have been John Dope "troll format" postings.
> The Troll Doe stated the following in message-id
> <sdhn7c$pkp$4...@dont-email.me>:
>
> > The troll doesn't even know how to format a USENET post...
> And the Troll Doe stated the following in message-id
> <sg3kr7$qt5$1...@dont-email.me>:
>
> > The reason Bozo cannot figure out how to get Google to keep from
> > breaking its lines in inappropriate places is because Bozo is
> > CLUELESS...
> And yet, the clueless Troll Doe has itself posted yet another
> incorrectly formatted USENET posting on Sat, 9 Jul 2022 05:56:19 -0000
> (UTC) in message-id <tab5a2$vh0l$1...@dont-email.me>.
>

John Doe
Google Groups idiot...
unread,
04:44 (10 hours ago)

1
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