Re:Elon Musk owns Twitter: The story so far
by amachefe on Saturday October 29, 2022 @06:33AM
(#33382760)
Read the actual SEC link. No one will pay 43bn is he can even pay 2bn and out!
It is embedded on this link https://www.theverge.com/2022/7/8/23201004/twitter-to-sue-el...
Re:Elon Musk owns Twitter: The story so far
by elgenie on Saturday October 29, 2022 @10:48AM
(#33384488)
Right, the limited circumstances for termination were outlined in section 8.1 of the offer agreement:
https://www.sec.gov/Archives/edgar/data/1418091/000119312522...
“Pay $2B and out” was not a choice available to him.
There was a provision that Musk would be on the hook for $1B if a third party (e.g. regulators) blew up the deal in a couple enumerated ways. No such option was available to Musk himself.
https://www.cnbc.com/amp/2022/05/13/elon-musk-cant-just-walk...