When your expensive lawyers do clown court filings.
Twitter is considering a range of options for adding certainty to the deal. They include court supervision of the closing process to ensure that Mr. Musk follows through on his commitment, and requesting that Mr. Musk pay an interest fee to compensate for the delays in the closing process, sources familiar with the talks said.
Okay: who benefits from this information? Well, Twitter, which has effectively communicated, “Hey, we’re not Charlie Brown. We need someone other than Lucy to hold the football.” Also, Twitter absolutely does not want a new deal price. So the news that the letter about the original price went out to Twitter Monday suggests Twitter won, and now its lawyers are taking a public victory lap.Alex Spiro, Musk’s lawyer,at a lower price under certain “self-serving” conditions.
The problem with a new deal price is that the shareholders have already approved the old one, and you’d have to go back to them with the new, worse, deal. The upside of taking a buck or two off the deal price is certainty — a thing investors generally like — and avoiding the trial, which will expose the inner workings of Twitter to lookie-loos like me.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk, Twitter held unsuccessful talks about a price cut for acquisitionRepresentatives of Elon Musk and Twitter Inc. held unsuccessful talks about a possible price cut to his $44 billion deal to buy Twitter before he reversed...
Baca lebih lajut »
Musk may need more financing firms for Twitter dealTalks ended between Elon Musk and two major sources of financing for his takeover of Twitter.
Baca lebih lajut »
Twitter says it wants trial against Musk to proceedElon Musk’s lawyers say Twitter is refusing the Tesla billionaire’s renewed $44 billion bid for the social media company and have asked a Delaware court to halt an upcoming trial.
Baca lebih lajut »
Twitter says it wants trial against Musk to proceedElon Musk’s lawyers said Thursday that Twitter is refusing to accept the Tesla billionaire’s renewed $44 billion bid for the social media company and are asking a Delaware court to halt an upcoming trial.
Baca lebih lajut »
Judge delays Twitter trial, gives Elon Musk more time to seal $44 billion buyoutElon Musk's lawyers say Twitter is refusing the Tesla billionaire's renewed $44 billion bid for the social media company and have asked a Delaware court to halt an upcoming trial.
Baca lebih lajut »
To buy Twitter, Musk has to keep banks, investors on boardIf the squabbling ever stops over Elon Musk's renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place.
Baca lebih lajut »