ST Alpha - "Legally he can’t back out unless his loans fall through for any reason. " (Reading a Post)

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In response to "he legally can't for that reason, is my understanding, without a $1B penalty" by colin

Legally he can’t back out unless his loans fall through for any reason.

Posted by spamlet Jun 6 '22, 07:01

But the Twitter board would have to sue to compel him to finish the deal.

Responses:

Was there a full financing contingency? It would be common in these deals for the financing to have very limited conditions under which it could back - pmb Jun 6, 07:42 1
- I’m going off of what Matt Levine is saying as I never read the docs. - spamlet Jun 6, 07:51
It'll be amusing to see his enablers twist around from "yeah! Show em what for!" to "who would want to buy twitter anyway? More brilliance, Elon!" -- (edited) - Reagen Jun 6, 07:04

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