Re:Notice of termination of Twitter merger agreement
by labster on Friday July 08, 2022 @08:46PM
(#32030116)
The $1B termination fee is the tip of the iceberg. Changing your mind is not covered in the termination clause, and his evidence Twitter mislead him is contradicted by his own statements prior to the deal. Twitter is owed substantially more than a billion. Likely closer to ten.
If he exited TSLA to the tune of the remaining $10B or $15B, staving off a 50% decline in that value then he came out way ahead.
It seems very likely to me he will find a way out of the $1B fee and end up settling for some fraction.
Of course if he just borrowed against his TSLA to facilitate this deal, as I have read he did, then his profit on the move depends on the terms of the loan.