4 ms·

I thought the Musk / Twitter deal was DOA a long time ago.

by last_responder 4y ago

ericbarrett 4y ago
It's in limbo—trial starts October 17.
edmundsauto 4y ago
It’s going to trial this fall. Twitter is going to ask courts to enforce the agreement, making Musk buy them. My guess is he’s blustering to shore up his negotiating position, and will have to make Twitter whole in the range of $10b. Or he believes his own tweets, will go to trial, and be forced to make the purchase. Like everyone, I’m bad at predicting the future.
- spuz 4y ago
  He won't be forced to make the purchase because the court will determine that will cause more harm to Tesla shareholders than benefit to Twitter shareholders. The litigation will probably take about 10 years though. That's according to Andrew Torez from the Opening Arguments podcast.
  - JumpCrisscross 4y ago
    > the court will determine that will cause more harm to Tesla shareholders than benefit to Twitter shareholders How does that work with a shareholder vote scheduled before the trial?
  - azemetre 4y ago
    Why should the court care about Tesla share holders? I’m genuinely curious. Seems asinine that you can’t enforce contracts because a CEO signed a very poor one. Businesses are allowed to fail after all…
- TechBro8615 4y ago
  He’s going to end up buying Twitter but it will be at a discount due to the bot numbers. My prediction is he ends up leading a group of investors to purchase it for roughly $35 billion.
  - MrMan 4y ago
    bot numbers - you are quite gullible but arguing in good faith huzzah
- Ferrotin 4y ago
  I don’t understand why you think this would happen. Whatever Twitter would agree to, Musk would rather overpay by $10B with other investors and own Twitter, than to pay a $10B settlement and own nothing. And if it were a small enough settlement without an acquisition, Twitter investors would miss out, and Twitter’s management would be embroiled in shareholder lawsuits.

4 ms·

I thought the Musk / Twitter deal was DOA a long time ago.

by last_responder 4y ago

I thought the Musk / Twitter deal was DOA a long time ago.

ericbarrett 4y ago
It's in limbo—trial starts October 17.
edmundsauto 4y ago
It’s going to trial this fall. Twitter is going to ask courts to enforce the agreement, making Musk buy them. My guess is he’s blustering to shore up his negotiating position, and will have to make Twitter whole in the range of $10b. Or he believes his own tweets, will go to trial, and be forced to make the purchase. Like everyone, I’m bad at predicting the future.
- spuz 4y ago
  He won't be forced to make the purchase because the court will determine that will cause more harm to Tesla shareholders than benefit to Twitter shareholders. The litigation will probably take about 10 years though. That's according to Andrew Torez from the Opening Arguments podcast.
  - JumpCrisscross 4y ago
    > the court will determine that will cause more harm to Tesla shareholders than benefit to Twitter shareholders How does that work with a shareholder vote scheduled before the trial?
  - azemetre 4y ago
    Why should the court care about Tesla share holders? I’m genuinely curious. Seems asinine that you can’t enforce contracts because a CEO signed a very poor one. Businesses are allowed to fail after all…
- TechBro8615 4y ago
  He’s going to end up buying Twitter but it will be at a discount due to the bot numbers. My prediction is he ends up leading a group of investors to purchase it for roughly $35 billion.
  - MrMan 4y ago
    bot numbers - you are quite gullible but arguing in good faith huzzah
- Ferrotin 4y ago
  I don’t understand why you think this would happen. Whatever Twitter would agree to, Musk would rather overpay by $10B with other investors and own Twitter, than to pay a $10B settlement and own nothing. And if it were a small enough settlement without an acquisition, Twitter investors would miss out, and Twitter’s management would be embroiled in shareholder lawsuits.