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@HotIce, @TT97, @baydreamer, @ocsteve39

methinks Elon should stick to the tech world!
It would be fabulous if Henrik Fisker became an Oceanforum member....
Is Twitter not a tech company?

You don’t think Henrik is on here? Assuming he would hide his identity and not reveal any information that is not public knowledge.
 

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It's not yet terminated, and Twitter wants to force Musk to buy.
I could have sworn there was a termination clause in the contract where either party can walk away and all they have to do is pay a $1 Billion.
 

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I could have sworn there was a termination clause in the contract where either party can walk away and all they have to do is pay a $1 Billion.
There is. Musk is claiming breach of contract by Twitter (mostly due to the bots) to not pay the $1B. I doubt Twitter can force Musk to buy but they will fight to the end for the billion.
 
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There is. Musk is claiming breach of contract by Twitter (mostly due to the bots) to not pay the $1B. I doubt Twitter can force Musk to buy but they will fight to the end for the billion.
"The contract calls for Musk to pay Twitter a $1 billion break-up if he cannot complete the deal for reasons such as the acquisition financing falling through or regulators blocking the deal. The break-up fee would not be applicable, however, if Musk terminates the deal on his own."
 

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"The contract calls for Musk to pay Twitter a $1 billion break-up if he cannot complete the deal for reasons such as the acquisition financing falling through or regulators blocking the deal. The break-up fee would not be applicable, however, if Musk terminates the deal on his own."
Their quote makes no sense and is missing significant nuance; what would keep him from terminating on his own if he can't get the financing to save the $1b. From the Wall Street Journal (behind a paywall):


At a minimum, Mr. Musk could be on the hook for a $1 billion breakup fee, based on the terms of his April 25 acquisition agreement with Twitter. But the deal gives him only limited leeway to walk away and pay only that amount—and it isn’t clear that his complaints about Twitter’s account data qualify. The agreement gives Twitter the right to try to force him to follow through on the acquisition if he seeks to cancel it for other reasons.

Musk can in theory walk away without paying a fee, but only for very limited reasons, which is what he is arguing that Twitter “is in material breach of multiple provisions of that agreement” and appears to have made “false and misleading representations.”
 
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