Joe Rogan appears to be caught in the crosshairs of a legal battle after billionaire friend Elon Musk backed out of a deal to buy social media platform Twitter for an estimated $44 billion dollars.
Musk, the man behind Tesla and SpaceX, revealed that he was in talks to purchase Twitter, but ultimately walked away from the deal claiming Twitter was unable to provide sufficient proof that less than 5% of all Twitter accounts were bots. In a regulatory filing over the summer to end his potential acquisition, Musk’s lawyers claimed that “Twitter is in material breach of multiple provisions.”
Prior to backing out of the deal, text logs revealed by The New York Times’ Kate Conger, showed the UFC commentator and podcaster Joe Rogan had asked Musk directly about his acquisition of Twitter.
“Are you going to liberate Twitter from the censorship happy mob,” asked Rogan. Musk responded saying, “I will provide advice, which they may or may not choose to follow.”
Rogan responded back saying, “I REALLY hope you get Twitter. If you do, we should throw a hell of a party.” Musk suggested that not just any party will do. “Why throw a party when you can have a Pajama Jammy Jam?”
Joe Rogan and Elon Musk struck up a friendship after the man behind SpaceX appeared on Rogan’s popular podcast, ‘The Joe Rogan Experience’ in 2018.
And in case you were wondering, the term “Pajama Jammy Jam” was coined in the 1991 film House Party 2 starring 90’s rap duo Kid ‘n Play.
Instead of Partying With Joe Rogan, Elon Musk is Being Sued by Twitter
Unfortunately for Joe Rogan, he won’t get to have a party with his billionaire buddy after all. Following Musk’s desertion of the agreement to purchase Twitter, the social media platform struck back, filing a lawsuit against the Tesla magnate.
“Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” Twitter executives stated in the lawsuit. “Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”
Musk signed a legally binding contract in April of this year to purchase the platform for an estimated $54.20 per share, waiving due diligence in order to complete the deal as fast as possible. The terms of the agreement included a $1 billion breakup fee if the deal fell through. The contract also allowed Twitter the right to sue Musk forcing him to either complete the deal or pay up. Clearly, both parties are in for what will likely be a long and arduous battle in court.