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by dragonwriter
847 days ago
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> I think this is downvoted because (and I could be wrong) he could have paid a breakup fee instead of buying the business. No, he couldn't, the widely discussed breakup fee in the contract was a payment if the merger could not be completed for specific reasons outside of Musk’s control. It wasn’t a choice Musk was able to opt into. OTOH, IIRC, he technically wasn't forced to because he completed the transaction voluntarily during a pause in the court proceedings after it was widely viewed as clear that he would lose and be forced to complete the deal. |
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