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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 jonathankoren on Saturday July 09, 2022 @02:45AM (#32032518)
Twitter and Musk already agreed to a 1 billion dollar penalty. He’s trying to get out of it, even though he already waved due diligence.
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Re:Notice of termination of Twitter merger agreement by cookingrobot on Saturday July 09, 2022 @03:40AM (#32032819)
The $1B scenario doesn’t apply here. He’s on the hook for $44B.
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Re:Notice of termination of Twitter merger agreement by petesergeant on Saturday July 09, 2022 @03:49AM (#32032889)
Do you have a simple and short explanation for why?
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Re:Notice of termination of Twitter merger agreement by kgwgk on Saturday July 09, 2022 @04:02AM (#32032959)
The $1bn is in case something else makes the closing impossible (a regulatory decision, for example).
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Re:Notice of termination of Twitter merger agreement by achow on Saturday July 09, 2022 @06:55AM (#32033809)
Good explanation..

https://news.ycombinator.com/item?id=32027646

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Re:Notice of termination of Twitter merger agreement by saalweachter on Saturday July 09, 2022 @05:20AM (#32033324)
Because taking a corporation private is a pain in the ass.

Elon Musk signed a contract giving himself essentially no ability to back out, to force Twitter to consider his offer.

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