Twitter seeks assurances that Musk won’t break merger agreement again
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Elon Musk could be the owner of Twitter by sometime next week, but the sides have to resolve a few disagreements first. Musk told Twitter this week he is willing to honor their original deal in an attempt to avoid a court trial he's likely to lose. But as of late Wednesday, representatives of Musk and Twitter were reportedly still at odds over terms in an agreement that could end the litigation.
"Sticking points include what would be required from both sides for litigation over the stalled deal to be dropped and whether the deal's closing would be contingent on Mr. Musk's receiving the necessary debt financing," The Wall Street Journal wrote, citing people familiar with the discussions.
According to The New York Times, Twitter "has sought reassurances about how the two sides could guarantee closing and a reaffirmation of the specifics in the previously agreed contract. It's also considering options like court supervision of the closing process and requesting that Musk pay interest to compensate for delays."