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Re:Judge sets October trial for Musk-Twitter takeover dispute by rchaud on Tuesday July 19, 2022 @03:26PM (#32156692)
> Rossman said more time is needed because it is “one of the largest take-private deals in history” involving a “company that has a massive amount of data that has to be analyzed. Billions of actions on their platform have to be analyzed.”

Why wouldn't you do this before making an all-cash offer at a significant premium above what any analyst would have valued it at? It couldn't just have been a ploy to cash in on TSLA stock before it fell from its unsustainable heights could it?

Re:Judge sets October trial for Musk-Twitter takeover dispute by chomp on Tuesday July 19, 2022 @03:39PM (#32156884)
> It couldn't just have been a ploy to cash in on TSLA stock before it fell from its unsustainable heights could it?

He's done things like this before when he wanted to take Tesla private... so maybe.

>Why wouldn't you do this before making an all-cash offer at a significant premium above what any analyst would have valued it at?

I don't know this answer either. I'm trying to decide whether Elon (or his investors) were pushy to get it closed and failed to get the deal done before the market nosedived, or, he and his team are deliberately misinterpreting the whole, requesting information for "reasonable business purpose related to the consummation of the transactions contemplated by this Agreement." That seems to be a clause intended for information need related to closing the deal, but might be getting interpreted as a due diligence clause (since no due diligence was done).

Re:Judge sets October trial for Musk-Twitter takeover dispute by dekhn on Tuesday July 19, 2022 @03:54PM (#32157071)
Does a chaos titan really need a reason to do something? It could be as simple as he was on an ego trip that couldn't be sustained. It seems truly unlikely this was all a scam perpetuated for Elon to make some money.