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

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

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

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https://www.novabbs.com/tech/article-flat.php?id=101029&group=sci.electronics.design#101029

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From: always.l...@message.header (John Doe)
Newsgroups: sci.electronics.design,free.spam,free.spam
Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
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Date: Sat, 9 Jul 2022 05:55:55 -0000 (UTC)
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References: <5b2cf4ba-b825-49f7-bdd5-c0e04a97f1d4n@googlegroups.com> <4b845c01-2795-43f9-8c0a-32504e9b7107n@googlegroups.com> <_Y5yK.390543$Aqw9.115341@usenetxs.com>
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 by: 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:

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> From: John Doe <always.look@message.header>
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> Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
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> Google Groups spam...
>
> --
> a a <manta103g@gmail.com> wrote:
>
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>> Jul 2022 15:58:51 -0700 (PDT)
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>> Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
>> From: a a <manta103g@gmail.com>
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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
>
>
>

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o Elon Musk says he is terminating $44bn Twitter deal

By: a a on Fri, 8 Jul 2022

10a a
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