London Daily

Focus on the big picture.
Thursday, Mar 26, 2026

Elon Musk's Twitter deal - what's going on, how did we get here and what happens next?

Elon Musk's Twitter deal - what's going on, how did we get here and what happens next?

By 28 October, next Friday, Elon Musk will either own Twitter or be going to trial to attempt to force him to buy a company that he willingly made an offer for.

Elon Musk's prospective Twitter takeover has become a saga befitting of a football transfer window, with months of back-and-forth drama inevitably destined to form the basis of a tell-all book.

Now finally, half a year since the world's richest man offered to buy the social media company, Mr Musk appears close to going through with the deal.

By 28 October, next Friday, he will either close his takeover or be going to trial in a bid to force him to.

How on earth did we get here?


It started back in April, a whirlwind month that began with the self-confessed Twitter addict getting a seat on the board after becoming the firm's single biggest shareholder.

Shares in the platform surged after it was revealed he had bought a 9.2% stake worth almost $3bn, and he wasted little time in making suggestions - including an edit button and changes to the Twitter Blue subscription service.

Within a fortnight, Mr Musk had offered to buy Twitter outright, saying it was needed to uphold free speech.

"Since making my investment, I now realise the company will neither thrive nor serve this societal imperative in its current form," he said in a letter to Bret Taylor, the Twitter chairman.

"Twitter needs to be transformed as a private company."

An agreement was quickly reached, and Musk appeared serious, seemingly moving to finance the deal by selling millions of Tesla shares.

But by the middle of May, Mr Musk said the deal was "temporarily on hold".

He was not happy about the apparently unacceptable number of bots on Twitter, and - appearing far less serious - sent a poop emoji to Twitter chief executive Parag Agrawal when he questioned Mr Musk's assertions about fake accounts.

In June Mr Musk formally threatened to terminate the deal over "spam and fake accounts", and - despite Twitter promising to provide him with raw data to allay his concerns - he pulled the plug a month later.

Twitter's Parag Agrawal defended the firm's record on bots.


What's going on now?


The predicament was born from Twitter's decision to sue Mr Musk for cancelling the deal.

The chair of Twitter's board, Mr Taylor, tweeted that a lawsuit had been filed in Delaware, where the company is incorporated, "to hold Elon Musk accountable to his contractual obligations".

Despite the legal action, Mr Musk seemed determined to get out of the deal and subpoenaed a Twitter whistleblower who claimed the company misled federal regulators about its security risks.

A court document revealed that he also issued a subpoena to his friend Jack Dorsey, the former Twitter boss.

It was all with a view to the lawsuit going to trial in Delaware on 17 October - and then everything changed. Again.

Less than two weeks before the case was due to begin, Mr Musk proposed to go ahead with buying Twitter at $54.20 a share - a total value of $44bn (£38.4bn).

Just when we thought we were out, he pulled us back in.

Twitter shareholders and lawyers - once bitten, twice shy and all that - have seemed understandably dubious, and a Delaware judge pushed the trial date to give Mr Musk time to get his finances in order.

His deadline is 28 October.

Jack Dorsey was to be subpoenaed if the case went to trial


And what happens next?


Who knows?!

But seriously, this time Mr Musk appears to be genuine about going through with the deal - and the fast-approaching deadline means it could be announced any day now.

If, for any reason, the deadline was missed, it would lead to a trial in November.

Newsletter

Related Articles

0:00
0:00
Close
UK Government Rejects Cover-Up Claims After Theft of Former PM Aide’s Phone
Cyprus Opens Strategic Talks with UK Over Sovereign Base Areas
UK Faces Risk of Sharp Inflation Surge Despite Stable Pre-Crisis Figures
UK Police Arrest Two Over Suspected Antisemitic Arson as Iran Link Investigated
UK Inflation Holds at Three Percent Ahead of Oil Price Shock from Iran Conflict
UK Fuel Prices Face Upward Pressure as Global Oil Trends Raise Cost Outlook
Girlguiding UK Sets September Deadline for Membership Policy Change Affecting Trans Participants
Germany and UK Accelerate Wind Power Expansion to Strengthen Energy Security
UK Moves to Ban Cryptocurrency Donations to Political Parties Over Foreign Influence Concerns
UK and Turkey Finalise Major Air Defence Agreement Worth Billions
Apple Introduces Mandatory Age Verification for iPhone Users in the UK
Diverging Views Emerge Over Meghan Markle’s Planned Australia Appearance
Trump Signals Frustration with UK Leadership Amid Diverging Approaches to Iran Conflict
UK Government Takes Control of Hunterston B as Landmark Nuclear Decommissioning Begins
UK Public Inflation Expectations Jump Sharply in March, Raising Pressure on Bank of England
UK Ministers Warn Expanded North Sea Drilling Would Deepen Exposure to Global Energy Volatility
Delayed UK Defence Investment Plan Leaves Suppliers Under Severe Financial Strain
Can Iran Strike the UK? Assessing the Real Military Threat as Conflict Escalates
Sanctioned Iranian Banker Linked to Luxury Marbella Villa Through UK Corporate Structure
Casey Bloys Navigates HBO Max UK Launch, Paramount Integration and Industry Buzz Over Netflix Meeting
Iran Conflict Sparks Sharp Turbulence in UK Mortgage Market, Reaching Pandemic-Era Disruption Levels
Major Donor Urges University of Kentucky to Reconsider Mitch Barnhart’s Post-Retirement Role
United Kingdom Moves to Lead International Effort to Reopen Strait of Hormuz
UK Police Investigate Targeted Attack on Jewish Ambulance Vehicles
UK Police Investigate Targeted Attack on Jewish Ambulance Vehicles
Senior UK Advocate Criticises Barnhart Retirement Appointment, Calls for Reconsideration
UK Finds No Evidence of Direct Iranian Threat to Britain, Says Prime Minister Starmer
Assessing Iran’s Strike Capability and the UK’s Readiness Amid Rising Tensions
NATO Unable to Confirm Iran’s Role in Strike on UK-US Base as Tehran Denies Involvement
University of Kentucky’s Youling Xiong Receives SEC Faculty Achievement Award for 2026
Trump Highlights Satirical Portrayal of UK Leadership Amid Talks with Prime Minister Starmer on Iran Conflict
Trump Highlights Satirical Portrayal of UK Leadership Amid Talks with Prime Minister Starmer on Iran Conflict
UK Fuel Prices Surge Toward Crisis Levels as Experts Warn of Further Sharp Increases
UK Fuel Prices Surge Toward Crisis Levels as Experts Warn of Further Sharp Increases
Duchess of Sussex Secures ‘As Ever’ Trademark Rights in Australia Ahead of High-Profile Visit
UK Reaffirms Security as Officials Reject Claims of Immediate Iranian Missile Threat
Rising Middle East Tensions Spark ‘Trumpflation’ Debate Over Impact on UK Households
UK Minister Says No Evidence Iran Can Strike Europe Despite Heightened Warnings
British-Iranians Voice Safety Concerns to Authorities as Regional Conflict Intensifies
Confirmed Meningitis Cases Linked to Kent Outbreak Revised Down to Twenty
UK Government Sees No Evidence Iran Can Strike London Amid Rising Regional Tensions
Debate Grows Over Recognition of Indigenous Cultural Icons in the United Kingdom
Iran Missile Launch Toward Diego Garcia Raises Questions After Failed Strike on US–UK Base
Donald Trump Amplifies Viral Satirical Clip Highlighting UK–US Political Dynamics
UK Satirical Show Draws Attention with Sketch Referencing Trump and Prince Andrew
Meghan Markle’s Possible UK Return Sparks Renewed Attention on Sussex Role
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
×