Twitter Deal Temporarily on Hold

Re:Twitter Deal Temporarily on Hold by dragontamer on Friday May 13, 2022 @02:32PM (#31371036)

Because he signed the agreement.

The lawyers came up with the terms and contingencies. Once signed, you're expected to hold up your end of the deal. I'm sure the lawyers have experience with court-cases / whatnot and have the precise court-cases which led to this style of agreement... but that doesn't matter anymore.

Musk agreed to it, so it must be upheld in that manner.

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Re:Twitter Deal Temporarily on Hold by strangattractor on Friday May 13, 2022 @02:44PM (#31371166)

ATT had to pay T-Mobile when their deal fell through due to the government. Look at this way Twitter just made a whole bunch of business decisions based somewhat/mostly on Musk's takeover. If he pulls out, Twitter will be hurt financially. Or suppose it was a hostile takeover by a competitor - they could fein a takeover - hurt their competitor - then walk away.

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Re:Twitter Deal Temporarily on Hold by danielmarkbruce on Friday May 13, 2022 @08:50PM (#31374075)

I don't think he did. Section 8.3 deals with the termination fee and it doesn't list 8.1(b)(i) as a reason it gets paid. 8.1(b)(i) is the government blocking.

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