4.8 • 4.6K Ratings
🗓️ 6 October 2022
⏱️ 16 minutes
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0:00.0 | Welcome back to How It Happened. I'm your host for this season, Eric Apandee. |
0:07.6 | By now, you know Elon Musk makes big moves that often catch the world by surprise. That |
0:14.7 | happened again this week when Musk sent a letter to Twitter declaring that he would proceed |
0:19.8 | with his offer to purchase the platform after all. To catch you up quick, in April, Musk |
0:25.9 | made an offer to buy Twitter. Shortly after, he tried to reverse course. Twitter sued |
0:31.5 | him to go through with the deal and the trial was scheduled for mid-October in Delaware |
0:35.6 | Chance Record. But just days before the trial's start date, Musk decided to proceed with the |
0:41.3 | sale. |
0:42.5 | Off this news, we wanted to bring you a conversation between two of our top reporters who've covered |
0:48.1 | every twist and turn in this saga. Media reporter Sarah Fisher and business editor Dan |
0:53.6 | Pramack. This episode was recorded on Wednesday, October 5th. |
0:58.1 | Hey Dan. Hey Sarah. So Dan, a lot has just gone down. What just happened laid out for |
1:10.6 | us? |
1:11.9 | The big thing that happened is that Elon Musk has suddenly reversed course and decides he |
1:16.3 | wants to buy Twitter again. At the price he agreed to buy it for back in April, $44 |
1:20.8 | million. Late Monday night, Musk's lawyers sent a letter to Twitter's lawyers, basically |
1:26.3 | saying, I know we've been suing each other over this, but don't worry, I am now prepared |
1:30.4 | to proceed and go forward. He also put two conditions on that one that he actually |
1:35.5 | secures the bank financing. And then also that there be a stay of the trial granted by |
1:41.6 | the court. That's a little bit more complicated because the court actually has to agree to |
1:45.8 | do that. And both parties need to ask the court to do that. |
1:49.6 | Okay, so the judge says that she'll continue to press on toward the trial because there |
... |
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