Studio $54.20

elon musk
Elon Musk is buying Twitter for the same $44 billion, or $54.20 a share, that he agreed to—legally, morally, and contractually—on April 25. Photo: Ray Tamarra/GC Images
William D. Cohan
October 5, 2022

It took Elon Musk six months to get back to exactly where he started: He will now be buying Twitter for the same $44 billion, or $54.20 a share, that he agreed to—legally, morally, and contractually—on April 25. What a long, strange trip it’s been! However Elon came to his senses—did Ari intervene? Or Egon? Or did Alex Spiro, his attorney at Quinn Emanuel, finally get through?—it’s incontrovertible that he was going to lose in the Delaware Court of Chancery, when and if the trial began on October 17. He was wise, in the end, to make this go away before other embarrassing revelations could emerge during his upcoming deposition or at the trial. As Kara Swisher told me late yesterday about Elon, “He may be arrogant, but he’s not dumb.”