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Hedge Funds Are Betting Elon Musk Will Be Forced to Buy Twitter

  • World’s richest person agreed to buy company for $44 billion
  • Some investors say settlement possible with trial approaching
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Twitter Slams Musk’s Attempt to Cancel Deal

Hedge funds including David Einhorn’s Greenlight Capital and Pentwater Capital Management are wagering that Elon Musk won’t get his way this time. 

Musk, the world’s richest person and a renowned sparring partner with regulators over securities laws, is trying to back out of his agreement to buy Twitter Inc. for $44 billion. Several hedge funds have purchased stock, options or bonds -- speculating that Musk will lose a trial scheduled to begin Oct. 17 in Delaware Chancery Court.