Why Musk Gave Up the Fight Against Buying Twitter

Elon Musk has decided to proceed with the Twitter acquisition at the original price of $54.20 per share, following a tense legal battle. The Delaware Chancery Court played a crucial role in enforcing corporate law, emphasizing the importance of legal standards. The Twitter board and shareholders have accepted the offer, considering the potential damage to the brand during the saga. The decision underscores the dominance of Delaware's corporate law and the strategic considerations involved in high-stakes mergers and acquisitions.

What was the original share price Elon Musk agreed to for the Twitter deal?

• $45.00

• $60.00

• $50.00

• $54.20

What was a significant factor that may have influenced Musk's decision to proceed with the deal?

• Favorable text messages

• A change in Twitter's board

• Unfavorable text messages

• A new negotiation strategy

Why is the Delaware Chancery Court significant in corporate law?

• It is located in a major financial hub

• It is the only court for corporate cases

• It sets the standards for corporate law in the U.S.

• It is known for its leniency

What was the outcome for the Delaware Chancery Court after the Twitter deal saga?

• It lost its dominance in corporate law

• It faced criticism

• It was seen as ineffective

• It was praised for its handling of the case

Why did Twitter shareholders decide to accept Musk's offer?

• They wanted to remain independent

• They wanted to avoid further brand damage

• They were offered a higher price

• They believed in Musk's vision