Notice of termination of Twitter merger agreement

Re:Notice of termination of Twitter merger agreement by dylan604 on Friday July 08, 2022 @07:18PM (#32029142)

We've had the Teflon Don, now we have the Teflon Elon.

I'm sure he'll be able to weasel his way out of this. He'll spend a crap ton of money to lawyers just to be able to say he doesn't have to pay for it, but he's still paying for it on a smaller scale and not in public. Anything to put up another W on the scoresheet.

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Re:Notice of termination of Twitter merger agreement by XorNot on Friday July 08, 2022 @08:22PM (#32029905)

The counter point here is that the Twitter board is not poor, and the incentives to force the buyout (or at least extract more money from Musk) are huge.

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Re:Notice of termination of Twitter merger agreement by dylan604 on Friday July 08, 2022 @08:30PM (#32029983)

Yes, and they are the side I'm cheering for in this match. Even if Musk is forced to pay, I doubt it will slow his twitter tirades down. In fact, I'd expect him to come out harder to prove whatever his little ego thinks needs to be proven.

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Re:Notice of termination of Twitter merger agreement by elliekelly on Friday July 08, 2022 @09:23PM (#32030325)

I legitimately think removing Musk’s account from the platform entirely might be their best bargaining chip to actually get the deal to go through.

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Re:Notice of termination of Twitter merger agreement by beagle3 on Friday July 08, 2022 @09:32PM (#32030392)

They just reinstated Alex Berenson, apparently in a complete win for him (details are not yet public)

Removing musk account, if they do thAt, might backfire spectacularly.

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Re:Notice of termination of Twitter merger agreement by elliekelly on Friday July 08, 2022 @09:39PM (#32030447)

How might it “backfire spectacularly”? What could Musk possibly do to harm Twitter any further?

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Re:Notice of termination of Twitter merger agreement by beagle3 on Saturday July 09, 2022 @12:33AM (#32031711)

Applying unrelated leverage between two parties is usually not looked at favorably by court. And court is likely where the musk/twitter thing will be settled.

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Re:Notice of termination of Twitter merger agreement by unity1001 on Friday July 08, 2022 @11:31PM (#32031323)

Not Musk but his gigantic fan base on Twitter would.

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Re:Notice of termination of Twitter merger agreement by lazide on Friday July 08, 2022 @11:03PM (#32031135)

“I said, ‘What are you going to do, stab me?’”

- Stabbed man

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Re:Notice of termination of Twitter merger agreement by bardworx on Friday July 08, 2022 @09:21PM (#32030312)

Isn’t the entire breakup clause contractually written in?

From my understanding, the current choice is:

1. Does Elon get sued by Twitter to force sale, per the initial agreement, where Elon agreed to allowing Twitter to force a sale.

2. Does Elon just pay the billion separation clause and walk away.

Do you see it differently?

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Re:Notice of termination of Twitter merger agreement by jakelazaroff on Saturday July 09, 2022 @12:39AM (#32031751)

There is no option 2. That was a proviso in case Elon was unable to secure financing. He secured financing, so now he has to buy Twitter. Or they can sue him.

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Re:Notice of termination of Twitter merger agreement by bardworx on Monday July 11, 2022 @02:06PM (#32059549)

https://www.sec.gov/Archives/edgar/data/1418091/000119312522...

Is there a different version of the doc than listed above? I couldn’t find any revisions and it sure seems that there are options available to Musk.

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Re:Notice of termination of Twitter merger agreement by tsimionescu on Saturday July 09, 2022 @12:44AM (#32031782)

The clause about the $1B penalty says nothing about separation. That clause only activates if the deal is stopped by some outside entity, such as the SEC, or if the two parties mutually agree to stop the process.

In all other cases, Elon has committed to give them $44B in exchange for the company.

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Re:Notice of termination of Twitter merger agreement by bardworx on Monday July 11, 2022 @02:07PM (#32059555)

https://www.sec.gov/Archives/edgar/data/1418091/000119312522...

There’s quite a bit about separation, sections 7 & 8

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Re:Notice of termination of Twitter merger agreement by dylan604 on Friday July 08, 2022 @10:03PM (#32030605)

What reads like simple English to you or I does not get read the same way by lawyers. Once lawyers are involved, all reasonable logic goes out the window in my perspective.

Ever since what "the definition of 'is' is", my whole outlook on lawyers was just obliterated.

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Re:Notice of termination of Twitter merger agreement by bmitc on Friday July 08, 2022 @11:27PM (#32031291)

Not for sure why you're downvoted, because you're right. Lawyers do not operate on logical basis. They operate on interpretations of logic. I found this out when buying my house. Interacting with the lawyers was completely miserable because they live in their own little world. They expected me to just know things that they would poorly specify, requiring several emails to clarify, and then when I would point out mistakes, logical inconsistencies, or poorly defined things in the contract, they would just shrug it off or sort of grudgingly fix them, seemingly just to appease me. Then they would just dig their heels in the ground about what the contract "says" because the contract "says so", even though it made no logical sense. Because the contracts aren't what they say logically. They say what they say based upon a sort of colloquially agreed upon interpretation of them. Lawsuits then center around this colloquial agreement and not around the contractual logic. It's an excruciatingly frustrating world to be introduced to. I wish to never have to deal with lawyers.

> Ever since what "the definition of 'is' is", my whole outlook on lawyers was just obliterated.

Is that in reference to something? Got a link or an article or something?

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Re:Notice of termination of Twitter merger agreement by dylan604 on Saturday July 09, 2022 @01:43AM (#32032154)

>Is that in reference to something? Got a link or an article or something?

Very much yes[0]. It was one of the defensive lines from Bill Clinton. I was still in high school during this, and it set me on a very bad path of thinking how to twist anything and everything anyone ever said. After all, if the pres can do it, then we should all be able to do it.

[0] https://slate.com/news-and-politics/1998/09/bill-clinton-and...

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