Elon Musk hasn’t closed his $44 bln deal for Twitter. He hasn’t gone to court either. The more time ticks without consequences for Musk, the worse Twitter’s board looks: TheRealLSL
Debt markets are still shaky, and that volatility isn’t expected to clear up anytime soon. So there is a chance the deal just doesn’t get financing.stock and drumming up equity partners; the debt portion of his funding is just $13 billion. He could potentially fund the rest of the deal himself if he is so inclined. Still there are plenty of other unknowns, like what kind of recourse Musk wants to maintain against the board members if he does close the deal.
In the meantime, Twitter has to report earnings again, and shareholders are, yet again, left in the lurch. They are still without a deal and, now, without a specific trial date. Musk has avoided being deposed. He hasn't paid up. And it’s not clear he has an intention to do so. Investors in the social media firm are arguably worse off than they were last week. For that, they only have their leaders to blame.A judge in Delaware halted Twitter’s lawsuit against Elon Musk on Oct.
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