4 ms·
Levine is being disingenuous, as usual. Obviously he would have banks and investors fighting to finance the deal. Wouldn't a breakup penalty address the breakup
by pbreit 5y ago
Levine is being disingenuous, as usual. Obviously he would have banks and investors fighting to finance the deal. Wouldn't a breakup penalty address the breakup problem?
- jimmydorry 5y agoNot to mention he is being disingenuous by implying there was no material change between getting offered a seat at the board, and hearing what accepting that seat would entail.
- the_optimist 5y agoLevine is a former Goldmanite, Twitter advisor. GS versus MS, the latter here unusually on the hostile side.
- ellen364 5y agoIt sounds like Musk received the offer, accepted it and changed his mind afterwards. That is, after accepting the terms, not after receiving them. If that’s the sequence of events, I don’t think Levine is being disingenuous.
- JumpCrisscross 5y ago> Wouldn't a breakup penalty address the breakup problem? No. If you’re at a table negotiating a break-up penalty, you’ve already crossed the Rubicon. You have indicated that the price was at the very least worth considering. If that buyer then walks before agreeing to the break-up penalty, the damage has been done. Board seats have been lost for less.