Elon Musk $44 Billion Twitter deal
15-07-2022, 08:21
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#76
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Remoaner
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
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Originally Posted by Dude111
I read they are trying to sue him 
What a bunch of idiots.. NO ONE CAN FORCE ANYONE TO BUY IT!!
Just shut it down,......... |
Well they could, he signed a binding agreement. He would need to show that Twitter significantly misrepresented the company, which is why he is focusing on bots, and that due diligence which he waived the right to do wouldn't have picked it up. There is an article I put further up that showed why this would be pretty difficult even if the bot problem is 5x worse than the 5%.
That said it's unlikely a court would force him to buy it because he needs external creditors to loan him the money which is apparently something courts dislike. Twitter probably want a substantial amount of compensation.
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15-07-2022, 11:20
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#77
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cf.mega poster
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
I think it's fair for Musk to compensate Twitter as per what he agreed. As far as I'm aware, it wasn't conditional on anything so he has little wriggle room. Just a deeper pocket and the ability to keep the case going longer.
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15-07-2022, 13:56
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#78
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Sad Doig Fan!
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by 1andrew1
I think it's fair for Musk to compensate Twitter as per what he agreed. As far as I'm aware, it wasn't conditional on anything so he has little wriggle room. Just a deeper pocket and the ability to keep the case going longer.
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The salient point being as far as you are aware.
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15-07-2022, 15:22
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#79
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Dr Pepper Addict
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
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NO ONE CAN FORCE ANYONE TO BUY IT!!
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Well, they can 'force' him if he signed a contract, or of course they can sue for breach of said contract.
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15-07-2022, 15:24
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#80
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Remoaner
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by Paul
Well, they can 'force' him if he signed a contract, or of course they can sue for breach of said contract.
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Because the full deal requires him to bring in additional loans/funding (i.e third parties who the court cannot force to lend) the suspicion is it'll just be compensation.
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15-07-2022, 15:38
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#81
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cf.mega poster
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
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Originally Posted by pip08456
The salient point being as far as you are aware.
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One for the lawyers mate. Musk has deeper pockets so I predict he will try a pay lower compensation than he agreed.
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15-07-2022, 16:21
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#82
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vox populi vox dei
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
If he bought in good faith and they sold a lemon he probably has a good case.
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15-07-2022, 16:22
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#83
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
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Originally Posted by papa smurf
If he bought in good faith and they sold a lemon he probably has a good case.
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He's not bought it, Papa, that's the issue here.
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15-07-2022, 16:22
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#84
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laeva recumbens anguis
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by papa smurf
If he bought in good faith and they sold a lemon he probably has a good case.
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Multi-billion dollar deals don’t work on "good faith", they work on pre-agreed contractual terms.
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15-07-2022, 16:41
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#85
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vox populi vox dei
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by 1andrew1
He's not bought it, Papa, that's the issue here.
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Because they've tried to pull a fast one by overstating it's customer base/value
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15-07-2022, 16:50
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#86
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by papa smurf
Because they've tried to pull a fast one by overstating it's customer base/value
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Musk waived his due diligence right that would have allowed him to discover any issues like that before signing the purchase agreement.
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15-07-2022, 17:27
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#87
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Do I care what you think
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Wow didn't realize there are so many insiders on this site .
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15-07-2022, 18:05
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#88
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by Itshim
Wow didn't realize there are so many insiders on this site .
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If that was aimed at me it's literally what Twitter have said two months ago
https://www.reuters.com/markets/deal...eal-2022-05-17
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Musk negotiated the Twitter deal over the weekend of April 23 and April 24 without carrying out any due diligence, the proxy statement shows.
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16-07-2022, 00:57
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#89
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An Awesome Dude
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Quote:
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Originally Posted by Paul
Well, they can 'force' him if he signed a contract, or of course they can sue for breach of said contract.
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YA Hmmm I didnt think of that.. Why did he sign anything if he wasnt 100% sure??
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16-07-2022, 01:03
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#90
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cf.mega pornstar
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Re: [Updated] Elon Musk pulls out of $44 Billion Twitter deal
Quote:
Originally Posted by Dude111
YA Hmmm I didnt think of that.. Why did he sign anything if he wasnt 100% sure??
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Because he's a cocky, arrogant, git who thought he knew best and better than everyone else, he'll learn the hard way that isn't the case
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