4 ms·
If you look at the timeline, he made an unsolicited offer with no details, the twitter BoD instituted a poison pill, then he lined up all the financing and made
by ksherlock 4y ago
If you look at the timeline, he made an unsolicited offer with no details, the twitter BoD instituted a poison pill, then he lined up all the financing and made a second ("final") offer with very specific details about the funding (including commitment letters for the loans), then he negotiated to buy it with no due diligence, etc. Morgan Stanley, etc, already agreed to loan the money back in April. At the time, the big banks did want to finance it!
- admn2 4y agoWhy did he not do any due diligence before buying? It's not like he had FOMO he was going to miss out. That's the part I don't understand in all of this.
- thr0wawayf00 4y agoNo idea, but he seems like the kind of guy whose ego can't suffer from the embarrassment of being called out. It wouldn't surprise me at all if he did all this just because he was incapable of losing face for acting like an idiot. Joke's on him though.