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I too believe that he'd be crazy not to renegotiate. As far as I recall, they agreed on a break fee of ~$1bn if Musk walks away. But if he can lower the price
by ckastner 4y ago
I too believe that he'd be crazy not to renegotiate.
As far as I recall, they agreed on a break fee of ~$1bn if Musk walks away. But if he can lower the price to $40 a share (which is still far higher than market would probably be, at least in this market), he gets Twitter at $31bn instead of $42bn.
- boringg 4y agoPainful break fee - worth it in current market conditions though his equity hes putting up will have been reevaluated downwards too.