2 ms·
He wants to pull out. The cheapest resolution for him is that he fails to get funding, and then he pays the $1B penalty. Last I heard, the commitments he's go
by klyrs 4y ago
He wants to pull out. The cheapest resolution for him is that he fails to get funding, and then he pays the $1B penalty. Last I heard, the commitments he's gotten for funds only last for a year. So, if he drags this into mid-2023, he won't be able to close the deal due to external factors and that's when the $1B penalty kicks in.