Musk Confirms Intention to Buy Twitter, SEC Filing Shows
Tesla CEO Elon Musk has confirmed his intention to purchase Twitter, according to an Oct. 3 Securities and Exchange Commission (SEC) filing.
“We write to notify you that the Musk Parties intend to proceed to closing of the transaction contemplated by the April 25, 2022, Merger Agreement,” Musk’s lawyers stated in a letter filed with the SEC.
“The Musk Parties provide this notice without admission of liability and without waiver of or prejudice to any of their rights, including their right to assert the defenses and counterclaims pending in the Action, including in the event the Action is not stayed, Twitter fails or refuses to comply with its obligations under the April 25, 2022 Merger Agreement or if the transaction contemplated thereby otherwise fails to close.”…