Elon Musk Asked Twitter for a Discount and a Deposition Delay

The internet exploded like a volcano on Tuesday when Musk decided to buy the social media platform he has been railing against for months. Musk asked for multiple discounts and a delay to his deposition before he decided to honor the deal. Yes, only one.

The New York Times reported on Wednesday that Musk's representatives have inquired about selling the company at a discount. The outlet stated that at one point, Musk's team offered a 30% discount on the company. The social network said no.

The tech billionaire's team asked for a 10% discount but was rejected again. According to the Wall Street Journal and the Financial Times, Musk and his company were talking about discounts. The outlets agreed with the Times that the discount talks didn't go anywhere.

The Times report was not commented on by Twitter.

That brings us to Tuesday, when a Securities and Exchange Commission filing revealed that Musk sent a letter to Twitter saying he would go through with the purchase if the social media platform agreed to stop legal proceedings against him. However, it has not submitted an official filing saying that it accepted the offer. Some experts think that Musk went through with the deal because he realized he was likely to lose the case in court, while others think he didn't want to testify. He was supposed to be deposed on Thursday and Friday but he canceled.

The deposition of Musk, which was scheduled for today in Austin, Texas, was delayed by the social media company. The billionaire was going to be questioned under oath for a couple of days.

The trial is set to begin on October 17th, according to a letter filed with the Delaware Court of Chancery. Neither party has taken formal action to stop legal proceedings despite Musk asking for them to be stopped.

No one has moved for a stay or filed a smilment to stay the action. The trial is set to start on October 17, 2022, according to the letter.

There were reports that it had delayed Musk's deposition. The social media platform had agreed to delay the billionaire's deposition by press time, but Musk's team did not respond to a request for comment.