Elon Musk’s Pursuit of Twitter Leads to Complicated Next Steps and Legal Questions
In the classic hostile takeover, an aggressive acquirer pursues a reluctant quarry.But Elon Musk’s bid for Twitter Inc. appears headed to a bizarre place: Could Twitter force him to buy a company he might not actually want? Whether smokescreen, negotiating tactic, genuine concern or flight of fancy, Mr. Musk’s insistence that Twitter is overrun by spam bots has upended a deal that was eccentric from the outset and left both sides in difficult positions.
Twitter shares continue to slide, and they…