Saturday, July 8, 2023

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout

The world's richest person, who also runs Tesla Inc and SpaceX, called the $90 million payout "unconscionable," given that Wachtell, Lipton, Rosen & Katz had billed less than one-third that sum for its few months of work on the Delaware lawsuit.

from Tech-Economic Times https://ift.tt/ad3FcR5

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...