Jonathan Fenton-Harvey explores the evolving legal obstacles threatening Elon Musk’s takeover of Twitter
Elon Musk’s ambitious takeover attempts of Twitter for $44bn with an offering of $54.20 per share has caused considerable interest. Not only has it attracted the attention of Silicon Valley and social media, but it has also raised new concerns for the legal profession. Indeed, there has been more than one legal case brought against the CEO of Tesla and Space-X, which have attempted to disrupt his bid.
The world’s richest man’s expenditure on Twitter stock amounts to $2.6bn. Musk also mentioned he may increase his stake after backing out of an agreement to join Twitter’s board of directors.
Soon after Musk announced he had acquired a 9 per cent stake in the San Francisco-based social media company, the ...
Business and Practice Editor