Re:Notice of termination of Twitter merger agreement
by starkd on Friday July 08, 2022 @10:21PM
(#32030764)
The twitter board has already announced it intends to litigate this. And they are not after just the $1B fee. That might be what Mr. Musk had in mind when he mentioned he was lawyering up in a few tweets awhile back. Even though he waved due diligence, that might not clear twitter from having lied about the bot problem. I suspect this is going into months of litigation. Perhaps Twitter will be willing to accept a lower price. It might be what Musk is angling for.
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Re:Notice of termination of Twitter merger agreement
by hermanradtke on Friday July 08, 2022 @10:56PM
(#32031082)
He didn’t waive due diligence. He chose to forego any due diligence before making an offer.
This isn’t like buying a house…
Re:Notice of termination of Twitter merger agreement
by starkd on Saturday July 09, 2022 @09:11AM
(#32034747)
Oh? This is news to me. The media are all claiming he waived it, though I tended to doubt it. That he would waive it does seem kind of odd, since even waiving due diligence should not absolve a company from lying about its assets if found out.