Bloomberg Law
July 13, 2022, 4:23 PM

Matt Levine’s Money Stuff: Twitter Still Wants Musk’s Money

Matt Levine

Programming note: Lol.

Oh Elon

Yesterday Twitter Inc. sued Elon Musk in Delaware to hold him to his agreement to buy Twitter for $54.20 per share. Twitter’s lawyers are hoping for a quick trial in September, so that the deal can close on schedule in October. You can read Twitter’s complaint here. Here’s the gist of it:

Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, ...