The Morning After: Twitter says it will close deal with Elon Musk, again




 

Twitter has agreed - once again - to Elon Musk's proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk's letter that "the intention of the Company is to close the transaction at $54.20 per share." The agreement follows months of legal drama after Musk tried to back out of his original agreement this spring to buy the company for $44 billion.

The two sides were set to go to trial later this month. But Musk abruptly reversed course on Tuesday, telling Twitter he would proceed with the original terms of the deal. In the letter filed with the SEC, Musk's lawyers say they will go ahead with the agreement struck in April if Delaware Chancery Court will "adjourn the trial and all other proceedings related" to the ongoing lawsuit.

It's not yet clear when the acquisition could actually close. Twitter's shareholders have already voted to approve the deal, but both sides now need to wait for Delaware's Chancery Court's response. The next question: What will Musk do with Twitter?

- Mat Smith

The biggest stories you might have missed

  • Apple's second-generation AirPods fall to a new low of $79

  • The EU will require USB-C charging for all mobile devices by the end of 2024

  • The Matter smart home standard is finally available

  • Google's Nest WiFi Pro arrives with faster speeds and new high-gloss design

  • Xiaomi's new 2-in-1 robot vacuum can wash and dry its own mops

  • US to impose more trade restrictions on Chinese AI and supercomputer companies

'Overwatch 2' server attack prevented fans from playing the game on launch day

We were stuck in a queue behind tens of thousands of other people.

Overwatch 2's early access launch has been marred by a massive DDoS attack preventing players from getting into the game. Many gamers, including me, were stuck on the connection screen, put in a queue behind tens of thousands of other players also trying to get in. When the countdown finished, I was booted from the server. I was apparently not the only one. Blizzard president Mike Ybarra tweeted that the game was "experiencing a mass DDoS attack" on its servers, causing drop and connection issues.

Continue reading.

Xiaomi's 12T Pro packs a 200-megapixel camera

But without Leica branding.

TMA
TMA  

Xiaomi's 12T Pro uses Samsung's ISOCELL HP1 sensor to capture epic 200-megapixel stills. The HP1 includes 2x in-sensor zoom, 4-in-1 pixel binning to mimic larger pixel sites for better sensitivity and 16-in-1 super pixel binning to simulate even bigger pixel sites for dark environments. If you shoot 200-megapixel images, you can let the AI-powered Xiaomi ProCut tool analyze those shots and suggest ideal compositions. Oddly, there's no Leica branding here. Engadget reached out to Xiaomi on this matter, and a rep replied: "While Leica is a partner in our strategic imagery upgrade, it won't necessarily contribute to every device."

Continue reading.

'The Onion' filed a real brief with the Supreme Court supporting man jailed for making fun of cops

A man was arrested for a Facebook page that parodied his local police department.

Satire and comedy news site The Onion filed an amicus brief with the Supreme Court in support of Anthony Novak, who was arrested and jailed for four days after briefly running a Facebook page parodying the police department of Parma, Ohio, back in 2016. Parma's police department claimed back then that people were confusing his posts with real information from law enforcement. Novak filed a civil suit against the city of Parma and the officers that arrested him , arguing his constitutional rights were violated. After federal appeals, he eventually took the battle to the Supreme Court.

Continue reading.

CDPR is working on a 'Cyberpunk 2077' sequel

And several new Witcher games.

TMA
TMA  

The game developer has shared a long-term roadmap that elaborates on its plans for its big gaming franchises. A project codenamed Orion is effectively a sequel to Cyberpunk 2077 to "further develop the potential" of the sci-fi franchise. We've already heard of a new Unreal Engine 5-based The Witcher game in the works, but it's just the start of a new trilogy. We might not have to wait long to see the story reach its conclusion, either. CDPR hopes to release all three games within a six-year span, with the first (codenamed Polaris) serving as a technology foundation for the remaining two.

Continue reading.

One person's quest for the perfect productivity mouse

Is it time for an upgrade?

James Trew's mission for a mouse had several requirements. Top of the list: ergonomics. The Magic Mouse is… fine, but a little low profile for his palming style. Given that some rough repetitive strain injury (RSI) was exclusively in his mousing arm, that was crucial. As was a reasonable degree of configurability. So, of course, he tested 11 mice.

Continue reading.

COMMENTS

More Related News

Amouranth Streamed
Amouranth Streamed 'More Overwatch Than Hot Tub' Last Month, Says 'Life Is Better'

Over a month after announcing that she was splitting from her husband following accusations of an abusive relationship, streamer Kaitlyn "Amouranth" Siragusa...

Twitter CEO Musk says user signups at all-time high, touts features of "everything app"
Twitter CEO Musk says user signups at all-time high, touts features of "everything app"
  • US
  • 2022-11-27 05:25:27Z

Signups were averaging over two million per day in the last seven days as of Nov. 16, up 66% compared to the same week in 2021, Musk said in a tweet late on ...

Elon Musk Says He
Elon Musk Says He'd Back DeSantis in 2024 Presidential Race

Asked on Twitter Friday night if he would support Florida Republican governor Ron DeSantis in the 2024 presidential election, Elon Musk stated "Yes."

At Protests, Guns Are Doing the Talking
At Protests, Guns Are Doing the Talking

Across the country, openly carrying a gun in public is no longer just an exercise in self-defense - increasingly it is a soapbox for elevating one's voice...

Elon Musk Says He
Elon Musk Says He'll Create 'Alternative' Smartphone If Apple, Google Battles Go Awry

Twitter's billionaire owner said he hopes "it does not come to that" but would do "if there is no other choice."

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Economy