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Is he disputing the $1 billion dollar break-up fee? In the big scheme of things I just don't know that that element of it is that big a deal in comparison to t
by mikkergp 4y ago
Is he disputing the $1 billion dollar break-up fee? In the big scheme of things I just don't know that that element of it is that big a deal in comparison to the $15 or so billion dollars Twitter is not getting from the delta between current stock prices and Musk's original offer.
- thebradbain 4y agoYes, he's positioning himself to be able to claim he is as able to walk away without paying the breakup fee, by claiming Twitter breached contract first: "Musk’s lawyers say in the letter that Twitter has offered only to provide details about the company’s testing methods. But they contend that’s “tantamount to refusing Mr. Musk’s data requests,” and constitutes a “material breach” of the merger agreement that gives Musk the right to scrap the deal if he chooses." https://apnews.com/article/elon-musk-twitter-inc-spacex-technology-c371e7682d490b637fb6031d1f7e5d87 https://apnews.com/article/elon-musk-twitter-inc-spacex-tech...
- mikkergp 4y agoI saw that quote, and I guess don't highly doubt that he wouldn't try to walk away from the fee, but since he's currently contractually obligate to purchase twitter well over it's valuation, I figured the emphasis of that statement was more to say that he could back out at all, since that's the much bigger financial risk.