亚洲天堂 that Elon Musk has agreed after all may have felt like a stunning surprise from the brash billionaire who loves to shock.
It sent shares of the social media platform soaring and stoked alarm among some media watchdogs and civil rights groups worried about on Twitter under Musk.
But it wasn鈥檛 surprising to observers of the months-long legal battle as Twitter tried to compel the world鈥檚 richest man to consummate the buyout . In the months , Musk faced a huge legal challenge.
A combination of gambles or missteps and potential advantages that didn鈥檛 pan out made his hand appear weak for the trial looming in less than two weeks in Chancery Court in Delaware. He says he鈥檒l only complete the deal if that trial is put on hold.
More immediately, Musk faced a deposition in the case by Twitter鈥檚 attorneys starting Thursday.
Here鈥檚 a look at how the legal battle unfolded:
WHAT WAS MUSK鈥橲 MAIN ARGUMENT FOR BACKING OUT OF BUYING TWITTER?
Musk grounded his argument largely on the allegation that Twitter vastly misrepresented how it measures that are useless to advertisers.
But Chancellor Kathaleen St. Jude McCormick, the court鈥檚 head judge, apparently wasn鈥檛 buying it. As the two sides presented evidence prior to the trial, the judge appeared to focus narrowly in line with the court鈥檚 mandate: on the merger agreement between Musk and Twitter, and whether anything had changed since it was signed in April that would justify terminating the deal.
A former Twitter head of security, fired early this year and turned whistleblower, appeared to bolster Musk鈥檚 argument. Peiter 鈥淢udge鈥� Zatko, a respected cybersecurity expert, alleging that Twitter misled regulators about its efforts to control millions of spam accounts as well as its cyber defenses.
But help to Musk from Zatko鈥檚 disclosures was a 鈥渓ongshot,鈥� said Brian Quinn, a professor at Boston College Law School, and in the end, 鈥渋t didn鈥檛 really change the (legal) landscape in any significant way.鈥�
DID MUSK鈥橲 APPROACH TO BUYING TWITTER HURT OR HELP HIS CASE?
鈥淗e was fairly cavalier,鈥� Quinn said. Recently released show jubilation over Musk taking a large stake in Twitter and joining its board. It wasn鈥檛 until after he signed the merger agreement in late April that he undertook what鈥檚 called due diligence, close inspection, regarding the company and started lodging complaints about bots, Quinn noted. That may not have impressed the judge as the right approach for someone buying a major company.
WHY DID MUSK CHANGE HIS MIND NOW?
In addition to the trial looming and his deposition scheduled for Thursday, Musk faced a ticking meter of potential rising interest costs. If he lost the trial, the judge could not only force him to close the deal but also could impose interest payments that would have increased its cost. Experts say the interest likely started piling up mid-September.
But of course the deal isn鈥檛 done yet, and there are legal hoops yet to be jumped through. Given Musk鈥檚 track record and volatility, it would be a mistake to assume that it鈥檚 tied up in a bow.
鈥擬arcy Gordon, The Associated Press
