By sticking to its guns the firm has defended the principle that bidders should do what they’ve agreed to do
Buying Twitter “is an accelerant to creating X, the everything app”, said Elon Musk by way of a non-explanation of why he was now prepared to do the deal he was desperately trying to escape. One must conclude he judged his legal case to be doomed before it had even reached a Delaware courtroom.
That assumes, of course, that the latest plot-twist is not another wheeze to play for time. Twitter’s board sensibly signalled it wanted to nail down every detail of Musk’s latest offer to proceed on April’s agreed $44bn (£39bn) terms. Quite right: don’t leave an inch of wriggle room.
