|
|
|
|
|
by michaelwilson
1393 days 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. |
|