Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44-billion bid for the social media platform.
https://latimes.com/business/story/2022-10-04/report-musk-proposes-going-ahead-with-deal-to-buy-twitter…
Possibly just Trumpish delay tactics. I hope so. Really want this to fall through at low cost. This is yet another unnecessary 2022 shitshow. A less blood-soaked misadventure in the same broad category as Ukraine invasion. No winners possible.
The text of the letter is helpful because (to my eyes, at least) it makes clear—much more clear than the news articles about it—that Musk is seeking an adjournment of the trial and his upcoming deposition without actually promising anything new or giving up anything at all.
I have this vague sense it’s a subconscious attempt to one-up Bezos/WaPo. At some level he hasn’t yet matched Amazon as a lifetime accomplishment though he potentially could (I hold both amzn and tsla). It’s a surprisingly petty rivalry for 2 guys who’ve both accomplished a lot.