Elon Musk’s proposal to proceed with his Twitter bid for $54.20/share hinges on receiving debt financing and the end of all legal actions related to the deal (Axios)

Kathryn Tewson / Techdirt:
Hands-on with DoNotPay, a service claiming to be the first robot lawyer: slow, drafted a terrible defamation demand letter, missed legal issues, and more  —  Note: This post is an adaptation of what started initially as a Twitter thread.  —  I’ve been going pretty hard on DoNotPay …

Washington Post:
A profile of Alex Spiro, a celebrity lawyer and central figure in Elon Musk’s bid to overhaul Twitter, who has done much of the legal heavy lifting so far  —  Alex Spiro went from representing Jay-Z to participating in one of the biggest technology company overhauls in years.

Bloomberg:
Sources: Twitter and Elon Musk are preparing for his buyout to be completed by the October 28 court-issued deadline, thanks to a breakthrough between both sides  —  Advisers to Twitter Inc. and Elon Musk are hard at work trying to get the $44 billion deal closed by the end of the month, according to people familiar with the matter.

Wall Street Journal:
Sources: US banks backing Elon Musk’s Twitter deal plan to hold all $13B of debt on their balance sheets rather than selling it, amid a difficult debt market  —  Truncated timeline to sell $13 billion in debt—and strained market conditions—could make Twitter the biggest ‘hung’ buyout deal of all time

Osato Avan-Nomayo / The Block:
Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal  —  – Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

The Verge:
In a letter to Twitter, Musk’s legal team cited Twitter’s ~$7M settlement with Peiter Zatko as a violation of the merger agreement and a reason to end the deal  —  He sent a letter to Twitter on Friday  —  Elon Musk has sent a third letter to Twitter attempting to terminate his $44 billion acquisition of the company.