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The Journal.

Elon Musk Wants to Buy Twitter After All

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 5 October 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

Facing an impending deposition, a trial date and the potential release of more private text messages, billionaire Elon Musk said he wants to proceed with his purchase of Twitter at the original $44-billion offer. But will he be able to avert the Oct. 17th trial? WSJ’s Cara Lombardo on the topsy-turvy deal. Further Reading: - Elon Musk Proposes Closing Twitter Deal on Original Terms - Elon Musk’s Twitter Reversal Renews Takeover Bid for a Now-Weaker Firm Further Listening: - The Musk-Twitter Saga - from The Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Our colleague, Carolyn Bartow, covers big corporate deals.

0:10.5

And how often does the name Elon Musk come across your desk?

0:15.1

The past few months every day, multiple times a day.

0:19.1

After months of trying to back out of a deal to buy Twitter, Elon Musk, the world's richest

0:24.7

man, is now back in.

0:27.5

Elon Musk changed his mind.

0:31.1

Changed his mind about buying Twitter again.

0:33.5

A very big new twist in this whole Elon Musk Twitter drama.

0:36.9

Quite a roller coaster here for Twitter.

0:39.4

Major reversal for the richest person in the world who had been facing a lawsuit, the

0:43.7

company filed over his attempt to back out of the deal.

0:48.7

This battle over Twitter has been barreling towards a court date.

0:52.9

So October 17th was going to be the day and still could be the day that probably the

0:59.8

biggest corporate lawsuit of all times was to start.

1:04.4

This was going to see Elon Musk, one of the most outspoken billionaire entrepreneurs there

1:09.7

is, go up against Twitter, a ubiquitous social media platform that has a big role in our

1:16.2

everyday lives.

1:18.1

And they were going to be fighting over whether or not a $44 billion deal needed to happen.

1:24.9

So after spending months trying to get out of the $44 billion deal to buy Twitter, yesterday

1:31.6

he surprised everybody by saying, you know what, I'll actually just pay exactly what I

1:36.0

agreed to pay for it back in April.

1:38.8

Is there anything different about it?

...

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