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A comment on Notice of termination of Twitter merger agreement. Parent comment

Re:Notice of termination of Twitter merger agreement by camjohnson26 on Friday July 08, 2022 @05:39PM (#32027576)
Matt Levine has a take down of the supposed bot problem. Basically Elon not only waved due diligence, he signed a binding agreement to buy Twitter, and the bot talk is irrelevant. Even if there’s a problem, Musk should have addressed it before signing an agreement to buy the company.

https://twitter.com/matt_levine/status/1545151445057536001?s...

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Re:Notice of termination of Twitter merger agreement by inerte on Friday July 08, 2022 @07:46PM (#32029523)
Reading Matt I realized there's another layer, which is Musk has complained about the bot problem for a while - heck, one could argue that he bought Twitter not only fully knowing (according to him) it has a bot problem, but he intended to _fix_ the problem.
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Re:Notice of termination of Twitter merger agreement by dragonwriter on Friday July 08, 2022 @05:59PM (#32027928)
The letter doesn't cite the bot problem directly, but instead Twitter allegedly failing to live up to it's obligation to give Musk info, which he wanted regarding the bot problem. (And a bunch of other alleged breaches.)
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Re:Notice of termination of Twitter merger agreement by tick_tock_tick on Saturday July 09, 2022 @04:25AM (#32033079)
The agreement have a massive out; yes it doesn't matter what Elon thinks about the bots but if his financier think bots are an issue he gets an out since Twitter for some reason let a financing clause in.
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Re:Notice of termination of Twitter merger agreement by CogitoCogito on Saturday July 09, 2022 @06:33AM (#32033683)
You mean Musk agreed to buy Twitter contingent on financing and now is trying to torpedo his own financing after he himself agreed to the sale? There's a lot of talk of fraud in the comments here, but to me _that_ sounds like fraud on Musk's part.

In any case, I guess we'll have to see if Musk's financing really gets pulled and if that really means Musk is off the hook.

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Re:Notice of termination of Twitter merger agreement by tick_tock_tick on Saturday July 09, 2022 @07:11AM (#32033903)
He doesn't have to torpedo anything just make enough noise that they get cold feet.
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Re:Notice of termination of Twitter merger agreement by CogitoCogito on Saturday July 09, 2022 @07:16AM (#32033922)
> He doesn't have to torpedo anything just make enough noise that they get cold feet.

That falls under my personal definition of "torpedo".

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Re:Notice of termination of Twitter merger agreement by wollsmoth on Friday July 08, 2022 @05:48PM (#32027725)
Can twitter agree to release him from the agreement? For a fee? I know he has a $1B penalty but I didn't think that covered this current situation. Perhaps Twitter would be willing to forget the whole thing for $1.5B
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Re:Notice of termination of Twitter merger agreement by TheCoelacanth on Friday July 08, 2022 @05:51PM (#32027779)
Yes, but they could potentially get sued by their own shareholders if they let him off too easily.
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Re:Notice of termination of Twitter merger agreement by pasttense01 on Friday July 08, 2022 @09:34PM (#32030419)
And note Musk did a great deal of damage to the company. On hearing that he wanted to change the character of the company; that he was going to lay off a huge number of people; that he was going to make existing employees work much harder... many of the best and brightest left.
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Re:Notice of termination of Twitter merger agreement by kbelder on Saturday July 09, 2022 @12:55AM (#32031849)
>many of the best and brightest left.

Well... a number of employees left.

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Re:Notice of termination of Twitter merger agreement by sureglymop on Friday July 08, 2022 @05:52PM (#32027810)
Read this a few weeks ago when the newsletter arrived. Money Stuff by Matt Levine is very worth subscribing to!
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Re:Notice of termination of Twitter merger agreement by collegeburner on Friday July 08, 2022 @05:49PM (#32027748)
Tbh i haven't read the agreement and i'm not going to but representations and warranties is generally grounds to terminate.
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Re:Notice of termination of Twitter merger agreement by ImPostingOnHN on Friday July 08, 2022 @08:30PM (#32029980)
afaik there are no material representations or warranties made by twitter which elon has proven false
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