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Would they really go to court? That could take years and create a cloud of uncertainty around Twitter — certainly not good for shareholder value. It's much eas
by pavlov 5y ago
Would they really go to court? That could take years and create a cloud of uncertainty around Twitter — certainly not good for shareholder value.
It's much easier for the board if they settle privately with Musk: "Yeah, pay the breakup fee and we'll forget this ever happened."
- sangnoir 5y agoI read someone else's analysis of the agreement: it bizarrely sets the cap for any damages that can be sued in court to $1B - same as the breakup fee. This obviously gives Elon an incentive to not pay breakup fee, but go to court first instead. At worst, he'd pay a billion, and best, whatever the court says thats less than a billion + legal fees