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They wanted to avoid the deal at first, then shareholders told them to continue in the deal and sell it to Musk. So they did exactly what shareholders wanted th
by TheLoafOfBread 4y ago
They wanted to avoid the deal at first, then shareholders told them to continue in the deal and sell it to Musk. So they did exactly what shareholders wanted them to do.
Musk did not wanted to buy Twitter at all, he wanted to liquidate his stock without crashing stock price of Tesla. In the end Tesla crashed and he was forced to buy Twitter for absurd price.
- CPLX 4y agoI mean we’re all guessing here on motivation. But I think he did want to buy it and realized pretty quick that he had overbid.
- more_corn 4y agoIf he wanted to back out of the deal he wouldn’t have insisted on an absurdly airtight offer. It was ironclad, no way out. No lawyer would have allowed it unless the client insisted. If he had wanted a way to back out all he would have needed to do is set back and let his lawyers do what lawyers do when crafting the offer. Instead he insisted on an offer that will be taught in law school as the canonical ironclad offer. I can’t believe he though he’d be backing out when he made that offer. The man is unhinged but not a moron.