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He could lose a lot more than a billion. He could lose the entire amount he pledged.
by megablast 4y ago
He could lose a lot more than a billion.
He could lose the entire amount he pledged.
- spywaregorilla 4y agoPossibly. But it seem unlikely. The deal explicitly says he can back out for a billion dollars.
- swores 4y agoNo it doesn't say that, it says that if his third party funding falls through then he's on the hook for a billion dollars instead of buying the company. There's nothing in the contract about a billion dollars fee for any other reason of the sale not going through. Of course, a judge could choose to take that number as the amount to punish with, but it's not a price Musk can just choose to pay to get out of the deal.
- blackoil 4y agoThat is not a backout clause but protection against the deal not getting necessary approval.
- jonathankoren 4y agoOnly if the deal fails outside reasons like regulatory action. Simply changing your mind, or claiming that you should have done due diligence after you explicitly waved it, doesn't count. Personally, I want the court to rule for specific performance (ie. Pay the $44 billion) He fucked up.
- vehementi 4y agoSuch confidence without reading it
- lokar 4y agoWhy do people keep saying this? It's so trivially easy to disprove.