Hedge Funds Betting Musk Will Be Forced to Buy Twitter (Repeat)

Oct. 4, 2022, 9:59 PM UTC

(This story was originally published Sept. 14. On Tuesday, Bloomberg broke the news that Elon Musk revived his bid to buy Twitter at the original price of $54.20 a share, pulling back from an attempt to withdraw from the deal and possibly avoiding a contentious court battle.)

Hedge funds including David Einhorn’s Greenlight Capital and Pentwater Capital Management are wagering that Elon Musk won’t get his way this time.

Musk, the world’s richest person and a renowned sparring partner with regulators over securities laws, is trying to back out of his agreement to buy Twitter Inc. for $44 billion. ...

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