4 ms·
He can do due diligence but from what I heard (correct me if I am wrong) he has to pay a heavy penalty ($1B) if he backs out.
by celdon25 4y ago
He can do due diligence but from what I heard (correct me if I am wrong) he has to pay a heavy penalty ($1B) if he backs out.
- edmundsauto 4y agoAccording to Matt Levine, that's "not how any of this works". The $1B is if he could not secure financing, but it appears we are now past that point. The relevant question is whether the Twitter board wants to sue in court to compel a sale. Given what Musk does to the personal lives of his opponents, I'm not sure I would want to fight him. But given how many laws and rules he's broken at the point, I think there is a clear failure of justice if he can just do whatever he feels like without repercussions due to his common popularity.
- fullshark 4y agoWhat does he do to the personal lives of his opponents? And why would the board not do their fiduciary duty out of fear of that?