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Notice of termination of Twitter merger agreement

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Re: Notice of termination of Twitter merger agreement

#201

Post by mikkergp »

atlasunshrugged wrote: post #60
timsneath wrote: post #17

It seems apparent to this observer that he developed cold feet pretty fast after an impetuous decision, and has been looking for any reason to back out of it since then. The spam accounts angle seems like a convenient scapegoat, rather than a real surprise to him. He's clearly eccentric in his approach to decision making: I don't think any Harvard Business School course will teach "the Musk Principles". But it's uncl…

There's another belief floated by Josh Wolfe (an investor with Lux Capital) who claimed it was a ruse to liquidate Tesla stock en masse without Tesla hodlers getting suspicious and tanking the inflated stock price. https://twitter.com/wolfejosh/status/1545387947578597376

Couldn't he have sold Tesla as part of an offer that still had due diligence and was in negotiations rather than waiving due diligence and committing to a deal?

Re: Notice of termination of Twitter merger agreement

#202

Post by tick_tock_tick »

I'm super excited for this to go to court. If nothing else we've known Twitter has massive internal issue on how it polices content, reports number, bans people, etc. The leaks out of this case are going to be so juicy.

Hopefully they are bad enough we could get real legislation that if you want protection from user generated content you can't just ban whatever you feel like.

Re: Notice of termination of Twitter merger agreement

#204

Post by jeremyjh »

gsibble wrote: post #183

Could you commenters please make up your minds over whether you want the deal to go through or not? You all seem to hate that Musk would make Twitter more conservative so you don't want the deal to go through, but also make fun of him and torment him for pulling out as if you do want the deal to go through. You can't have it both ways. Either you want the deal consummated or you don't. Stop being such hypocrites.

We definitely can have it both ways. We don’t want him to buy Twitter - because he is an idiotic blowhard. Also we are happy he is backing out, because it demonstrates what an idiotic blowhard he is.

Re: Notice of termination of Twitter merger agreement

#205

Post by [deleted] »

entropicgravity wrote: post #182
atlasunshrugged wrote: post #60

Earlier quoted context omitted.

There's another belief floated by Josh Wolfe (an investor with Lux Capital) who claimed it was a ruse to liquidate Tesla stock en masse without Tesla hodlers getting suspicious and tanking the inflated stock price. https://twitter.com/wolfejosh/status/1545387947578597376

The Go masters insist that every stone must have at least two reasons for its placement.

[deleted]

Re: Notice of termination of Twitter merger agreement

#209

Post by epberry »

cbtacy wrote: post #23
zimpenfish wrote: post #8

Earlier quoted context omitted.

> but he will negotiate a lower price How? As best I understand things, he has zero wiggle room - he either buys Twitter for the agreed price or he stumps up the $1B termination fee. And if Twitter's board did go mad and decide to negotiate a lower price, their shareholders would almost certainly block it and/or sue the board, no?

Pretty much. I think it's more likely he's trying to set things up to make the claim that Twitter wasn't co-operative and forthcoming with the information and then try to reduce the break fee in court.

Agree. And likewise it seems Twitter is going to court to collect the breakup fee rather than complete the deal.

Re: Notice of termination of Twitter merger agreement

#210

Post by MBCook »

somenewaccount1 wrote: post #173

I really don't understand why you all think Elon is going to pay anythying. The 6.4 provision is pretty standard, and often the reason for deal to fall through, in that enough of the requested information was not provided. You really don't know what was asked, what was ignored, and what garbage data was sent back. You think Twitter is all innocent? Pfffftt. Don't be evil, oops, i mean naive. He doesn't have to prove…

I don’t believe his purchase was contingent on anything. I don’t think he’s allowed to back out.

Also that billion dollar number was not a get out of jail free card. He can’t just decide to pay it and walk away. It only works under certain circumstances.

I don’t believe your analysis is correct. At least it doesn’t match what the legal experts at CNBC seem to think.

https://www.cnbc.com/2022/05/13/elon-musk-cant-just-walk-awa...

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