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I’m not a lawyer, and I suspect this gets into old and bizarre traditions of equity. But the damages for failure to perform may conceptually straightforward: t
by amluto 4y ago
I’m not a lawyer, and I suspect this gets into old and bizarre traditions of equity.
But the damages for failure to perform may conceptually straightforward: the difference between TWTR’s market cap and the deal price * number of outstanding shares. Which is over $10bn.
- gene91 4y agoBut TWTR’s market cap is and will be influenced by Musk’s series of actions and announcements. Both parties would have to come up with a hypothetical number for how much TWTR is worth if Musk walks away without paying anything, and there’s no way their estimates would come close.
- carnitine 4y agoThat’s Musk’s fault. The market cap will be calculated the way it would in any other scenario. You’ve just made up some weird rule that doesn’t exist.