Beautiful Virgin Islands

Thursday, Sep 18, 2025

Elon Musk's Twitter deal - what's going on, how did we get here and what happens next?

Elon Musk's Twitter deal - what's going on, how did we get here and what happens next?

By 28 October, next Friday, Elon Musk will either own Twitter or be going to trial to attempt to force him to buy a company that he willingly made an offer for.

Elon Musk's prospective Twitter takeover has become a saga befitting of a football transfer window, with months of back-and-forth drama inevitably destined to form the basis of a tell-all book.

Now finally, half a year since the world's richest man offered to buy the social media company, Mr Musk appears close to going through with the deal.

By 28 October, next Friday, he will either close his takeover or be going to trial in a bid to force him to.

How on earth did we get here?


It started back in April, a whirlwind month that began with the self-confessed Twitter addict getting a seat on the board after becoming the firm's single biggest shareholder.

Shares in the platform surged after it was revealed he had bought a 9.2% stake worth almost $3bn, and he wasted little time in making suggestions - including an edit button and changes to the Twitter Blue subscription service.

Within a fortnight, Mr Musk had offered to buy Twitter outright, saying it was needed to uphold free speech.

"Since making my investment, I now realise the company will neither thrive nor serve this societal imperative in its current form," he said in a letter to Bret Taylor, the Twitter chairman.

"Twitter needs to be transformed as a private company."

An agreement was quickly reached, and Musk appeared serious, seemingly moving to finance the deal by selling millions of Tesla shares.

But by the middle of May, Mr Musk said the deal was "temporarily on hold".

He was not happy about the apparently unacceptable number of bots on Twitter, and - appearing far less serious - sent a poop emoji to Twitter chief executive Parag Agrawal when he questioned Mr Musk's assertions about fake accounts.

In June Mr Musk formally threatened to terminate the deal over "spam and fake accounts", and - despite Twitter promising to provide him with raw data to allay his concerns - he pulled the plug a month later.

Twitter's Parag Agrawal defended the firm's record on bots.


What's going on now?


The predicament was born from Twitter's decision to sue Mr Musk for cancelling the deal.

The chair of Twitter's board, Mr Taylor, tweeted that a lawsuit had been filed in Delaware, where the company is incorporated, "to hold Elon Musk accountable to his contractual obligations".

Despite the legal action, Mr Musk seemed determined to get out of the deal and subpoenaed a Twitter whistleblower who claimed the company misled federal regulators about its security risks.

A court document revealed that he also issued a subpoena to his friend Jack Dorsey, the former Twitter boss.

It was all with a view to the lawsuit going to trial in Delaware on 17 October - and then everything changed. Again.

Less than two weeks before the case was due to begin, Mr Musk proposed to go ahead with buying Twitter at $54.20 a share - a total value of $44bn (£38.4bn).

Just when we thought we were out, he pulled us back in.

Twitter shareholders and lawyers - once bitten, twice shy and all that - have seemed understandably dubious, and a Delaware judge pushed the trial date to give Mr Musk time to get his finances in order.

His deadline is 28 October.

Jack Dorsey was to be subpoenaed if the case went to trial


And what happens next?


Who knows?!

But seriously, this time Mr Musk appears to be genuine about going through with the deal - and the fast-approaching deadline means it could be announced any day now.

If, for any reason, the deadline was missed, it would lead to a trial in November.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Macron and his wife to provide 'scientific photographic evidence' that she is a real woman
US Tech Giants Pledge Billions to UK AI Infrastructure Following Starmer's Call
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
DeepMind and OpenAI Achieve Gold at ‘Coding Olympics’ in AI Milestone
SEC Allows Public Companies to Block Investors from Class-Action Lawsuits
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Federal Reserve Cuts Rates by Quarter Point and Signals More to Come
Effective and Impressive Generation Z Protest: Images from the Riots in Nepal
European manufacturers against ban on polluting cars: "The industry may collapse"
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Trump: Cancel quarterly company reports and settle for reporting once every six months
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
×