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A good writeup from Matt Levine. Summary: The deal is watertight. There is no $1B walk away fee as reported somewhere. $54.20 seems really good deal for Twitt
by nabla9 5y ago
A good writeup from Matt Levine.
Summary: The deal is watertight. There is no $1B walk away fee as reported somewhere. $54.20 seems really good deal for Twitter now when tech stocks are down and they have every reason to force Musk to go trough it.
.. read the whole thing. There are interesting details.
- bediger4000 5y agoI choose to believe the richest, and therefore the smartest, man in the world over some lib reporter's fake news at Bloomberg. If Elon says it's on hold, it's on hold. Beware, Twitter! The New Sherriff in Town will grind your bots to dust and make you eat them!
- vba616 5y agoSo far, the column has been thoroughly misrepresented to wind people up. Levine, the "lib reporter" in question, made it very clear that despite Musk not having a legal, ethical, or logical leg to stand on, it's quite likely that he can do what he wants and get away with it. Levine acknowledged that the fact that Twitter could sue and theoretically win doesn't mean they want to go through the hassle. Even if they did win, something external might happen that would make the deal closure impossible. Levine has pointed out several times that Musk is a guy who has gone out and tried to ruin the careers of SEC personnel, and this must have some chilling effect on regulators enforcing the rules. Other people might have noticed that the richest man in the world is pretty vindictive. He further points to news the SEC is "investigating" the incorrect filing of forms related to buying Twitter stock and ridicules the idea - look at the calendar and look at when the forms were filed, he says - as he called it in an earlier column.
- sidibe 4y agoThis is the gist of it. Though you have to dress it up in a million different ways, many if which he will offer ready to go on his Twitter.