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Re:Twitter plans to comply with Musk’s demands for data by XorNot on Thursday June 09, 2022 @11:26PM (#31689639)
$1 billion down cash to Twitter for pulling out is a lot of money "for teh lulz".
Re:Twitter plans to comply with Musk’s demands for data by tsimionescu on Friday June 10, 2022 @07:58AM (#31692806)
Compared to the $44B he owes them, finding some way to trigger the special clause that only requires him to pay $1B may be great.
Re:Twitter plans to comply with Musk’s demands for data by XorNot on Friday June 10, 2022 @08:37AM (#31693196)
AFAIK the $1 billion is just the "I don't want to do this anymore" clause he signed - if he just pulls out, the same applicable to Twitter if they pull out.

The weirder part is technically Twitter can sue to force the deal to close anyway.

Re:Twitter plans to comply with Musk’s demands for data by tsimionescu on Friday June 10, 2022 @09:03AM (#31693503)
No it's not. It's the "you started this, if you can't pull through on your financing you still have to pay us something for all the turmoil" clause. Musk has already agreed to buy Twitter: only extreme circumstances could lead to him not having to pay the amount he agreed to ($44B).
Re:Twitter plans to comply with Musk’s demands for data by XorNot on Friday June 10, 2022 @09:38PM (#31701183)
I don't think we're disagreeing? Musk doesn't have the money cash in hand, so the default position is "he doesn't have financing". The most he can become personally liable for I believe is the $1 billion fee.
Re:Twitter plans to comply with Musk’s demands for data by tsimionescu on Saturday June 11, 2022 @02:53AM (#31702540)
No, he is liable for the $44B offer he made and signed a contract for. Now, if say Tesla and SpaceX were to go bankrupt tomorrow and he would lose access to these funds, the $1B clause would activate.

Remember that he has already secured the funding, he has filed information about that with the SEC, and he has already signed the contract for paying Twitter's shareholders $44B in exchange for sole ownership of the company. Neither of the parties can pull out now: the deal is done. Only extraordinary circumstances can undo it anymore.