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Musk quoted Putin's speech in early attempt to get out of Twitter deal

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  • Elon Musk said in a private communication that buying Twitter “didn’t make sense” because Russia invaded Ukraine.
  • Musk said earlier this month before officially pulling back on the $44 billion acquisition.
  • A Twitter lawyer argued Tuesday that the text indicated Musk was motivated by personal financial concerns.

Elon Musk wants to “delay” his $44 billion takeover of Twitter months after Russia invaded Ukraine, saying in a private text, “We are heading into World War III. If so,” he said, there was no point in buying Twitter.

Those private texts were revealed at a hearing on Tuesday after Musk postponed a trial over a deal to buy Twitter in October, as well as other disclosure disputes. told Twitter in July that it was officially withdrawing its agreement to acquire the company in a letter alleging that it had unfairly withheld data about “bots” and spam accounts.

The text message was sent on May 8 to a banker at Morgan Stanley, which is funding some of Musk’s deals. In these texts, the billionaire also quoted the following speech by Russian President Vladimir Putin: In his May 9 speech to mark the 77th anniversary of Russia’s victory over Nazi Germany, Putin said Russia’s decision to invade Ukraine in February was “the only right decision”, saying that the West It falsely claimed that countries were “preparing to invade Russia.”

“Let’s just take it easy for a few days,” a Twitter lawyer said while reading Musk’s text at the hearing. , there is no point in buying Twitter.”

Musk’s attorney, Alex Spiro of Skadden Arps, said the court’s characterization of the text was “absolute nonsense as the full text chain indicates.” The full-text chain is expected to be submitted to court records next week.

Musk signed a deal to buy Twitter and take it private in April. When Musk said he would drop his contract in July, Twitter almost immediately sued him, coerced the deal, and forced Musk to buy it for his agreed-upon $44 billion price. Musk is widely seen falling behind in an ongoing legal battle in which he is scheduled to go on trial for five days in early October.

Ahead of Tuesday’s hearing, Musk’s attorneys cited a whistleblower complaint from Twitter’s former CISO, Pieter Zatko. .

While reading Musk’s text, a lawyer for Twitter reiterated the company’s allegations that Musk was in breach of contract and that personal financial concerns were his only motive for getting out of the deal. said at a hearing that Twitter found no evidence to support the theory that Mr. Musk pulled the deal out of financial concerns. “Their theory about what actually happened is not what actually happened,” his attorney said at the hearing.

The Tesla CEO’s legal team alleges that the social media company intentionally misled him about the number of daily users and spam accounts on the site, amounting to fraud and breach of contract.

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Please contact Grace Kay at gkay@insider.com.

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