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michaelwilson | 3 years ago

It may appear that this may get Musk off the hook for buying Twitter because "Look how bad they are!" but, as I recall, Musk's problem is that his offer with without contingency - e.g. "Yah, I'll buy it, whatever".

So it may just be another event which will drive Twitter's price down even further and make it a _worse_ deal for him.

From Bloomberg "The buyers could only back out of the agreement in the case of a material adverse effect, a high bar that excludes issues like market volatility or industry challenges." (https://www.bloomberg.com/news/newsletters/2022-07-13/elon-m...).

I suppose one could argue that the Whistleblower's report is "material adverse affect", something I'm sure will come out in the trial.

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