The Western Journal A new report says one term in Elon Musk’s merger agreement to buy Twitter could mean that Musk won’t be able to walk away from the deal scot-free.
On Friday, Musk filed a letter with the Securities and Exchange Commission saying that because Twitter did not give him all the information he wanted – chiefly around the issue of fake accounts – the $44 billion deal was off. Twitter issued a statement later in the day, saying it would take Musk to the Delaware Court of Chancery to force him to go ahead with the purchase.
The report by Axios focuses on the term “specific performance.” One part of the agreement imposes a $1 billion breakup fee on Musk if he is responsible for the deal falling apart…
