Elon Musk might have just done something very un-Musk: back down from a fight.
Mr. Musk has offered to close his acquisition of Twitter on the terms he originally agreed to, according to a person familiar with the matter, after months of high-stakes drama over the $44 billion deal.
Mr. Musk agreed to buy Twitter in April. Weeks later, he tweeted the deal was “temporarily on hold” before trying to abandon the transaction in July. Twitter days later sued Mr. Musk to enforce the takeover and the two sides are due in court in Delaware in a nonjury trial this month, unless the issue is resolved earlier.
The Tesla chief executive has a track record of pursuing legal battles with vigor, demonstrating an appetite for seeing legal disputes through to trial rather than settling. He has been embroiled In a multiyear battle with the Securities and Exchange Commission after tweeting he had “funding secured” to take the electric-vehicle maker private in 2018. At the time, he relinquished the chairman role, paid a fine and agreed to have some of his tweets reviewed by a company lawyer. Mr. Musk has since fought in court to have elements of that agreement undone.
“I didn’t start the fight, but I will finish it,” Mr. Musk tweeted in February, referring to his conflict with the SEC. He later said in a legal filing that he felt pressured to settle the SEC’s civil lawsuit in 2018.
Mr. Musk characterized Tesla’s legal strategy in a tweet last year: “Tesla policy is never to give in to false...
Kolkata: Kolkata Police has been grappling with a fresh challenge since the past week — controlling fake news. While it initially started with fake circulars, beginning with "restrictions" on cert...