EXPLAINER: Musk Twitter turnaround reflects legal challenges
WASHINGTON (AP) – Elon Musk’s sudden about-face on a $44 billion agreement to acquire Twitter, reversing an earlier attempt to rescind that offer, came as a surprise even from the mercurial billionaire who loves to shock.
But it wasn’t all that surprising to experts who have observed the monthslong legal battle between Musk and Twitter.
The news sent shares of the social media platform soaring and stoked alarm among some media watchdogs and civil rights groups.
Twitter has been trying to compel the world’s richest man to consummate the buyout he proposed in April.
A combination of gambles or missteps by Musk and potential advantages that didn’t pan out made his hand appear weak in the looming trial.
(Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
10/5/2022 11:07:29 AM (GMT -5:00)