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Twitter didn't want him to buy Twitter, so they should be happy to accept the $1B fine. Whether Musk follows the law or not, I think that anybody except maybe D
by hollander 4y ago
Twitter didn't want him to buy Twitter, so they should be happy to accept the $1B fine. Whether Musk follows the law or not, I think that anybody except maybe DT will be happy to see this deal fail.
- helsinkiandrew 4y agoThe $1B fine is if Musk can't raise the capital - he's already submitted to the SEC how he has raised it - the contract gives Twitter the right to force him to close. Only a massive Tesla stock collapse would perhaps result in him being able to walk away with the $1B fine.
- bambax 4y agoAs per the contract, he can't walk out and pay $1B. He absolutely has to buy. Of course, everything can be negotiated. But should the other party not want to negotiate, they have the legal means to force him to buy.