Elon Musk asserts his “right to terminate” Twitter deal

Re:Elon Musk asserts his “right to terminate” Twitter deal by AmazingTed on Monday June 06, 2022 @03:44PM (#31645142)

True, Musk's lawyers haven't accused Twitter of lying. They've said Twitter is withholding information that Musk is entitled to (I had to go read the letter). And yeah, the contract gives him very broad rights:

> Section 6.4 Access to Information; Confidentiality. Upon reasonable notice, the Company shall (and shall cause each of its Subsidiaries to) ... furnish promptly ... all information concerning the business ... as may reasonably be requested ... for any reasonable business purpose related to the consummation of the transaction...

I think it makes perfect sense that any financier will ask "How many users does Twitter have?" And that entitles him to this information.

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Re:Elon Musk asserts his “right to terminate” Twitter deal by kcplate on Monday June 06, 2022 @09:39PM (#31648874)

It’s a clever approach by Musk. How do I prove I am not withholding information? Not sure I can to the satisfaction of the person accusing me of it.

Twitter doesn’t know what it doesn’t know. It’s dropping a bot estimate that may or may not have shaky foundations. It knows it’s bot “estimate” could be low, perhaps significantly so. It knows that every point over their best estimate fuels Musk’s fears and ultimately becomes a PR and potential legal disaster.

They will have internal employee pressures to make Musk go away.

They will have political pressures to make Musk go away.

The shareholders want the offer, but Twitter hasn’t really gave a shit about them before.

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