He got slammed in discovery, lost a lot of his pre-trial motions, and started losing a ton of his net worth by appearing like a buffoon. He was about to go into an emergency conference at the Delaware Chancery court, and I assume that he was being told "you are going to lose" by his lawyers if not the Chancellor herself.
There was some indication that Mudge may have been in contact with him. He lost a lot of discovery motions about bots. His own experts told him that he had no case about Twitter bots. This case has been a loser from the beginning, and I think he thought he could get a better price by doing this. He likely didn't want anything else to come out.
The Twitter board did a great job not bowing to the pressure.
There was some indication that Mudge may have been in contact with him. He lost a lot of discovery motions about bots. His own experts told him that he had no case about Twitter bots. This case has been a loser from the beginning, and I think he thought he could get a better price by doing this. He likely didn't want anything else to come out.
The Twitter board did a great job not bowing to the pressure.