3 ms·
He can still back out of the deal. This is part of the due diligence. I suspect it's coming out now because they know that Musk will reveal it if he finds out
by jedberg 5y ago
He can still back out of the deal. This is part of the due diligence. I suspect it's coming out now because they know that Musk will reveal it if he finds out through due diligence.
- chernevik 5y agoI don't think so. I've read that he doesn't have a due diligence provision in the merger agreement. And, I don't see any such provision in the agreement, which I _think_ is here: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001418091/000119312522120461/d310843d8k.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001418091/0... He could back out paying the $1 billion breakup fee, and I suppose he might have some cause of action if there were serious problems with the reps and warranties. But IANAL.
- rcMgD2BwE72F 5y ago>He can still back out of the deal. That would cost him (or Twitter) $1B.