Twitter Deal Temporarily on Hold

Re:Twitter Deal Temporarily on Hold by hooande on Friday May 13, 2022 @07:54AM (#31366343)

There isn't formal due diligence, he's already made the offer. He doesn't (legally) have access to any information that he didn't have access to weeks ago.

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Re:Twitter Deal Temporarily on Hold by gsibble on Friday May 13, 2022 @11:06AM (#31368608)

Of course there is formal due diligence. He basically gave them a term sheet and now they've opened their books. That's why he can walk away and pay $1 billion if he doesn't like what he sees.

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Re:Twitter Deal Temporarily on Hold by josho on Friday May 13, 2022 @03:15PM (#31371503)

What due diligence occurs when buying a public company? We already have access to the company’s financial filings.

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Re:Twitter Deal Temporarily on Hold by outworlder on Friday May 13, 2022 @04:50PM (#31372413)

So you are saying TWTR reported fraudulent financials?

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Re:Twitter Deal Temporarily on Hold by parkingrift on Friday May 13, 2022 @12:38PM (#31369746)

That isn’t how acquisitions works. What Elon and Twitter have done is effectively sign an LOI. Now they do actual diligence to close the deal, or walk away and pay the breakup fee.

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