Musk Cited Possible ‘World War III’ As Reason To Break Twitter Deal
View Source | September 7, 2022 2:09 pm
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- Two weeks after Elon Musk made a commitment to buy Twitter for $44 billion, he wrote in a May 8 text message to one of his Morgan Stanley bankers that he was thinking of exiting the merger agreement due to the possibility of World War III.
- “Let’s slow down just a few days. Putin’s speech tomorrow is really important. It won’t make sense to buy Twitter if we’re heading into World War III,” Musk wrote to Morgan Stanley’s head of global technology investment banking, Michael Grimes.
- Twitter lawyer Bill Savitt read the text out in a court hearing yesterday, multiple news reports said.
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