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mediaman’s comment (and the article they linked) says that the government blocking the deal is one of the limited circumstances in which Musk wouldn’t have to p
by chipotle_coyote 4y ago
mediaman’s comment (and the article they linked) says that the government blocking the deal is one of the limited circumstances in which Musk wouldn’t have to pay.
- deleted 4y ago[deleted]
- mediaman 4y agoI may have been unclear. He wouldn't have to buy Twitter if the government prevented it, but he would be required to pay $1b. Outside of those circumstances, he is contractually forced to buy Twitter. The government issue and the money issue are basically the two scenarios in which Musk would be unable (not just unwilling) to complete the transaction. So that's where he has to pay the fee. Otherwise, he can't change his mind.
- chipotle_coyote 4y agoNo, I think you were clear, and I wasn't. :) I understood that it was more "he won't be on the hook to buy Twitter if the government prevented it but there's still a kill fee," but bungled describing it. (I know "kill fee" isn't the right term, but that's what we'd call the equivalent in publishing!)