4 ms·
Musk's prime motivator for purchasing twitter seems to have been ideological. Of course people are going to oppose him on ideological grounds. More succinctly,
by epakai 4y ago
Musk's prime motivator for purchasing twitter seems to have been ideological. Of course people are going to oppose him on ideological grounds.
More succinctly, Musk performed an activist takeover.
- gscott 4y agoTwitter could have let him out of the deal but forced it. This is all on the (now former) board of directors who probably received a nice payout for a new mansion.
- sleepybrett 4y agoHe could have, at any time, just paid the 1bil breakup free.
- epakai 4y agoThat fee was for external factors causing the deal to fail. Musk was already committed. His attempt to walk away was construed as breach of contract, and he would be liable for much more than the fee if that had happened.
- epakai 4y agoThis was not an option with a publicly owned company. For the board members to walk away from this offer would have breached their fiduciary duty. They certainly benefitted as did everyone else with stock.