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Weekly News Digest

October 6, 2022 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

The Elon Musk-Twitter Dance Continues

The Associated Press reports, “The tumultuous saga of Elon Musk’s on-again off-again purchase of Twitter took a turn toward a conclusion [Oct. 4] after the mercurial Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion. … But the company stopped short of saying it’s dropping its lawsuit against the billionaire Tesla CEO. Experts said that makes sense given the contentious relationship and lack of trust between the two parties.”

Reuters reports, “Elon Musk and Twitter … have not yet reached an agreement to end the litigation and clear the way for the world’s richest person to close his $44-billion deal for the social media platform, two sources familiar with the litigation told Reuters on [Oct. 5]. … Twitter’s legal team and lawyers for Musk updated the judge on [Oct. 4] with their attempts to try to overcome mutual distrust and find a process for closing the deal. … Musk is scheduled to be deposed on [Oct. 6] in Austin, Texas.”

For some background on the proposed purchase, see George Pike’s Legal Issues column from July/August: infotoday.com/it/jul22/Pike--Elon-Musk-and-Twitter-Rile-the-Media.shtml.



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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