3 ms·

The $1B scenario doesn’t apply here. He’s on the hook for $44B.

• petesergeant 4y ago
  Do you have a simple and short explanation for why?
  • kgwgk 4y ago
    The $1bn is in case something else makes the closing impossible (a regulatory decision, for example).
  • saalweachter 4y ago
    Because taking a corporation private is a pain in the ass. Elon Musk signed a contract giving himself essentially no ability to back out, to force Twitter to consider his offer.
    • deleted 4y ago
      [deleted]
  • achow 4y ago
    Good explanation.. https://news.ycombinator.com/item?id=32027646 https://news.ycombinator.com/item?id=32027646