Notice of termination of Twitter merger agreement

Re:Notice of termination of Twitter merger agreement by dylan604 on Friday July 08, 2022 @05:44PM (#32027652)

I absolutely love that fact that this tweet happy individual might actually get slapped for just tossing out tweets. Not sure if $1B would make him squirm or not, but even for billionaires, $1B is an expensive twitter rant.

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Re:Notice of termination of Twitter merger agreement by swores on Friday July 08, 2022 @05:53PM (#32027813)

If he gets punished it won't be for "just tossing out tweets" it will be for negotiating and signing a legally binding contract and then breaking it.

It would be possible to enter into a contract through tweets alone. That didn't remotely happen here, though.

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Re:Notice of termination of Twitter merger agreement by dylan604 on Friday July 08, 2022 @05:58PM (#32027921)

But he only signed that agreement because his ego wouldn't let him back away from those tweets

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Re:Notice of termination of Twitter merger agreement by tsimionescu on Saturday July 09, 2022 @12:30AM (#32031684)

Note that Musk stands to spend $44B, not $1B.

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Re:Notice of termination of Twitter merger agreement by deelowe on Saturday July 09, 2022 @01:03AM (#32031891)

He currently owes twitter 44B, but actual damages would be 44B minus the FMV, so closer to like 10-20.

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Re:Notice of termination of Twitter merger agreement by tsimionescu on Saturday July 09, 2022 @03:21AM (#32032699)

I won't speculate on what the damages might be in a trial, but yes, he owes them $44B but they owe him the whole company after he pays.

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Re:Notice of termination of Twitter merger agreement by roflyear on Saturday July 09, 2022 @01:24AM (#32032025)

Where are you guys getting this number from? Similar cases have settled for almost the full original amount. Like 95%+. Not half or less than half. Are you just making stuff up?

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Re:Notice of termination of Twitter merger agreement by cookingrobot on Saturday July 09, 2022 @04:06AM (#32032976)

They’re saying that if everyone just did what they agreed to do: - Musk would give Twitter shareholders $44B in cash, - Twitter shareholders would give Musk ownership of the company.

Note that today, Twitter is worth $28B. So the agreed deal essentially gives the shareholders $16B in profit.

So a judge might tell Musk he can’t back out and has to buy Twitter for $44B like he said he would. Or it might let him just give the shareholders $16B and not get the company.

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Re:Notice of termination of Twitter merger agreement by roflyear on Saturday July 09, 2022 @11:26AM (#32035917)

When has the second instance ever happened and what's the mechanism for that? Every shareholder gets a check?

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Re:Notice of termination of Twitter merger agreement by 988747 on Saturday July 09, 2022 @07:12PM (#32040197)

Typically, if you want to distribute money to each and every shareholder you pay them dividend. Must would only need to wire money to Twitter corporate account first.

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Re:Notice of termination of Twitter merger agreement by dylan604 on Saturday July 09, 2022 @01:45AM (#32032165)

It's the internet. Just say it with enough conviction, and others will buy it. Continue to say it, and everyone will buy it.

Er, not just the internet now

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