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If Twitter wants Musk to honour the deal, does it mean that they'd have to maintain whatever terms they can, e.g. not materially changing their operations (assu
by nevi-me 4y ago
If Twitter wants Musk to honour the deal, does it mean that they'd have to maintain whatever terms they can, e.g. not materially changing their operations (assuming Musk loses the "hiring and firing" part)?
- gojomo 4y agoIf Twitter seeks to enforce the agreement, yes, they should continue to comply from their side. All reports of the purchase-agreement contract I've seen imply it's very seller-friendly, leaving Twitter plenty of typical-operations latitude to hire/fire/etc in response to business needs. (Proving a breach by Twitter Inc in those matters would likely require them doing something very drastic and abnormal.)
- deleted 4y ago[deleted]
- afiori 4y ago> something very drastic and abnormal I have heard it described as "something that materially changes the long terms prospects of the company"
- gamblor956 4y agoYes, and that actually factored into both Twitter's argument for having the hearing in September, and in the judge's ruling to have the trial in October.