3 ms·
It is joke being taken seriously that he was forced to buy it. No one will spend $43bn to avoid paying 1bn (opt out fee) He decided to buy because he feels it
by amachefe 4y ago
It is joke being taken seriously that he was forced to buy it. No one will spend $43bn to avoid paying 1bn (opt out fee)
He decided to buy because he feels its better to own it.
- majormajor 4y agoThat wasn't a general purpose "whoops, takesie backsies" clause, it was contingent on financing falling through for an otherwise best-effort deal. Those sort of breakup fees are to give the company some compensation for non-bad-faith purchasers having external problems, because a failed acquisition is still an expensive thing for a company to have gone through in those situations. A cold-feet buyer throwing shit at the company in public even though he has the means to close the deal? Different story.