Matt Levine: “I guess it is worth saying that Elon Musk does not own Twitter Inc. He did not buy Twitter Inc. yesterday for $54.20 per share in cash. He did sign an agreement yesterday to buy Twitter for $54.20 in cash. That is a big step! It means that he probably will end up owning Twitter within a few months or so. (The deal ‘is expected to close in 2022’; it might take up to six months.) But he does not own it yet.”

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