2 ms·
I suspect it doesn't mean much for the sale. From what I understand, it's mainly down to the agreements signed with Twitter and what the Delaware courts make of
by wpietri 4y ago
I suspect it doesn't mean much for the sale. From what I understand, it's mainly down to the agreements signed with Twitter and what the Delaware courts make of them in the trial starting October 17th. Those agreements are very Twitter-friendly, so my personal guess is that Musk is going to lose.
As to what he wants, Musk is mercurial enough that I'm not sure that's a meaningful question. Did he want Twitter for a little while? Yes. Did that ever make sense given his other responsibilities? No. Did it make sense to investors? Based on Tesla's stock price slide, definitely not. Is he having buyer's remorse? Clearly. If he got a really good deal on it, might he swing back? Who knows. Is Twitter so badly run that they might do better in somebody else's hands? Yes. Is that person Musk? I doubt it.
So if I were betting on Musk being smart, I'd be that Twitter will charge him a few billion dollars to get out of the deal, which would be better for everybody than Musk taking a $14 billion loss the instant the deal closes (which is is $44 billion bid minus the $30 billion that is Twitter's current market cap). But Musk could well be more prideful than smart, so I'm excited to see how all this turns out.