LogFAQs > #965036992

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Topic	Elon Musk purchases Twitter
HeroicCrono 05/14/22 5:59:31 PM #300:	XIII_rocks posted... Is it possible they weren't lying and are instead genuinely mistaken I read that if Musk pulls out, he has to pay Twitter 1 billion USD. Is there a potential scenario here where Musk finds out that the number is higher than 5%, and uses that as an excuse to pull out of the deal without paying up? That's what it sounds like to me. That he's looking for an excuse to cancel without penalty and then maybe renegotiate to buy at a lower price. Pretty much all tech stocks have fallen a lot since he made the offer so Twitter's share price without the deal would likely be much lower too. --- This is Red Sox 777 on a mobile phone. <cite>HeroicCrono posted [p:965036992] in Elon Musk ... [t:79998586]...</cite> <quote>XIII_rocks posted... </cite> <quote>Is it possible they weren't lying and are instead genuinely mistaken I read that if Musk pulls out, he has to pay Twitter 1 billion USD. Is there a potential scenario here where Musk finds out that the number is higher than 5%, and uses that as an excuse to pull out of the deal without paying up?</quote> That's what it sounds like to me. That he's looking for an excuse to cancel without penalty and then maybe renegotiate to buy at a lower price. Pretty much all tech stocks have fallen a lot since he made the offer so Twitter's share price without the deal would likely be much lower too. --- This is Red Sox 777 on a mobile phone.</quote> ... Copied to Clipboard!
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