Buyer’s remorse? Two weeks after offer to buyout Twitter, Elon Musk wanted to “slow down” his move

Musk’s lawyers had previously sought the trial to be delayed until February next year but failed. On Wednesday, Tesla’s lawyers were seeking to delay the trial again, this time by at least four weeks, Ars Technica reported. They argued in the Delaware Court of Chancery that the termination date of October 24, 2022, for the merger agreement would automatically be stayed if litigation began.

Musk’s apprehension of World War III

Twitter’s lawyers, however, argued that delays to the trial would cause irreparable harm to the company and were undermining the company’s ability to operate. To demonstrate that Musk was reconsidering his offer, Twitter’s lawyers read out a text that Musk had sent to Michael Grimes, head of global technology investment banking, on May 8, two weeks after his proposal to buy out Twitter.

In the text, Musk allegedly wrote that he wanted to “slow down just a few days” and wait for Vladimir Putin’s speech scheduled on May 9 to commemorate the 77th anniversary of the Allied victory over Nazi Germany. Musk allegedly said in the text, “It won’t make sense to buy Twitter if we’re heading into World War 3.” In the speech the next day, Putin justified his decision to invade Ukraine and claimed that the West was looking to invade Russia, Business Insider said in its report.

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