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What happens if Musk loses? Will he be forced to buy the company, or just to pay a huge fine?
by cambaceres 4y ago
What happens if Musk loses? Will he be forced to buy the company, or just to pay a huge fine?
- arlcode 4y agoTwitter is sueing for specific performance (aka pay up the full price) and argues that Elon's funding by banks is still comitted and must be used to buy Twitter at 54.40 a share. IANAL but this court already did enforce similar contracts in the past. Of course the parties can also settle out of court at any time under any terms.