After Russia invaded Ukraine, Elon Musk, the CEO of Tesla and SpaceX, reportedly wanted to delay his purchase of Twitter, according to a report by Business Insider.
ELON MUSK ON ‘SLOWING DOWN’ TWITTER DEAL
After Russia’s invasion of Ukraine, Elon Musk reportedly intended to “slow down” $44 billion (R765 billion), as reported by Business Insider. This was discovered in unpublished letters to a Morgan Stanley banker who is funding a portion of Musk’s purchase. The secret communications were made public at a hearing on Tuesday on the decision to move the trial related to the billionaire’s acquisition of the microblogging service until October.
In a letter that said Twitter concealed information on “bots” and spam accounts in July, Musk informed Twitter that he was canceling his deal to purchase the firm. The secret messages alluded to Russian President Vladimir Putin’s planned address. Putin said in a speech on May 9 that Russia’s invasion of Ukraine was the “one appropriate choice.” What were the messages saying, then?
According to Twitter’s attorney, Musk’s post said, “Let’s slow down for a few days.” Tomorrow’s speech by Putin is quite significant. If we’re headed for World War 3, buying Twitter wouldn’t make sense,” the attorney concluded.
THE BILLIONAIRE’S LAWYER ON TEXTS: ‘UTTER NONSENSE’
According to the article, Musk’s attorney, Lex Spiro of Skadden Arps, argued that the court’s interpretation of the communications was “complete nonsense as the whole text chain indicates.”
Next week, the court is anticipated to get the whole chain of messages. In April, the billionaire inked a contract to purchase the microblogging service. However, Twitter sued him to uphold the agreement when he announced that he was canceling the pact in July. Early in October, a five-day trial for the legal dispute is scheduled.
Source: The South African