Notice of termination of Twitter merger agreement

Post by LAC-Tech » Sat, Jul 09, 2022, 6:33 AM UTC

jungle2jungle wrote: post #638

LAC-Tech wrote: post #472

Probably for the best. The only way I was going back to twitter was if Musk took over, took decisive action, and it stopped being a left wing echo-chamber. But wasting more of my life on social media is not a net positive. So overall I'm glad, I can continue to ignore twitter exists except when people occasionally link a tweet (which half the time I regret clicking anyway).

So you want to give the richest man in the world more control over the flow of information? I've always though it better to avoid massive concentrations of power, but that's just me.

Post by [deleted] » Sat, Jul 09, 2022, 6:34 AM UTC

stingraycharles wrote: post #694

partloyaldemon wrote: post #691

Chancery courts will compel performance of this transaction absent a showing of an material adverse advent. Very, very high bar. The buyer is a highly sophisticated investor and the grounds that he is alleging form the basis of the breach of contract were and are public information that has not materially changed nor been alleged to have materially changed since the signing of the merger agreement. Moreover, and most…

I actually have experience with this type of stuff, some business tried to acquire mine and kept postponing, and ended up with some excuse that there wasn’t enough technical design documentation, which would be a real-breaker. It wasn’t super big money, but also not small (high 6-figures). I ended up suing them, won on all counts, and the deal had to go through. Unfortunately, this company simply refused to do that e…

Post by jungle2jungle » Sat, Jul 09, 2022, 6:37 AM UTC

godmode2019 wrote: post #670

jungle2jungle wrote: post #640

Earlier quoted context omitted.

> Everyone knows twitter is majority bots, gpt influence accounts You are writing fan-fiction, not making an argument.

Most of social media is PR companies running bot farms, this has been the case for many years. Especially around African elections (well studied) or large social issues ( Johnny deep court case ) My country is notability bad they close the comment section so real accounts can't out comment the bot accounts, our government has social media influence programmers running this, people I know. ( small country ) They use g…

Post by stingraycharles » Sat, Jul 09, 2022, 6:37 AM UTC

giansegato wrote: post #698

stingraycharles wrote: post #694

Earlier quoted context omitted.

I actually have experience with this type of stuff, some business tried to acquire mine and kept postponing, and ended up with some excuse that there wasn’t enough technical design documentation, which would be a real-breaker. It wasn’t super big money, but also not small (high 6-figures). I ended up suing them, won on all counts, and the deal had to go through. Unfortunately, this company simply refused to do that e…

How could they refuse after being compelled by a court ruling? Did they appeal / sue you back? Can't see how they could simply say... "no".

Post by suzzer99 » Sat, Jul 09, 2022, 6:38 AM UTC

tptacek wrote: post #93

tazjin wrote: post #5

Earlier quoted context omitted.

They write > Despite public speculation on this point, Mr. Musk did not waive his right to review Twitter’s data and information simply because he chose not to seek this data and information before entering into the Merger Agreement. In fact, he negotiated access and information rights within the Merger Agreement precisely so that he could review data and information that is important to Twitter’s business before fin…

This argument is a sleight of hand. Nobody has claimed that Musk waived his right to information from Twitter. What he waived was his right to diligence, which is the right to information along with the discretionary right to terminate the deal based on it . What he waived was the ability to do anything with the information absent an (impossible to obtain) MAE discovery. The obvious legalese thing to do in Musk's buy…