In a dramatic unfolding[1], Elon Musk has completed a $44 billion acquisition of Twitter, taking the company from public to private.[2] Musk closed the merger on the evening of October 27, 2022, introducing a new era where the ultra-wealthy can purchase entire companies in which they become interested.[3] This closing came after Twitter filed suit against Elon Musk, as Musk tried to back out of the deal.[4] Then, weeks before the trial was scheduled to begin in Delaware courts, Musk announced he would proceed with the deal.[5] The below sections provide a brief overview of the timeline of the deal, the legal arguments presented by Musk and Twitter, and examines possible motivations for Musk to pivot and close the deal as originally agreed upon with Twitter. [Read more…] about From Public to Private: A Mogul’s Acquisition of Twitter
Harvard Business Law Review (HBLR)
The Harvard Business Law Review (HBLR) aims to be the premier journal covering the laws of business organization and capital markets. HBLR will publish articles from professors, practitioners, and policymakers on corporate law and governance, securities and capital markets law, financial regulation and financial institutions, law and finance, financial distress and bankruptcy, and related subjects.