Twitter’s Lawsuit Against Elon Musk Looks Like a Loser

[Weatherman2020]

Twitter could have raised the stakes for Mr. Musk by including a requirement that he pay damages to its shareholders if he walked away. In that case, the shareholders could have sued for the difference between the amount Mr. Musk agreed to pay and the price any other suitor would pay—like the homeowner finding another painter. But the merger agreement doesn’t give shareholders this remedy. . . . This case highlights an important risk to shareholders in mergers and acquisitions: The corporation that negotiates the deal may not have much of a case against a breaching counterparty because the corporation, unlike its shareholders, usually isn’t harmed when the counterparty walks away. The easy fix is to give shareholders the right to sue for their losses. But either Mr. Musk’s lawyers were too smart for that or Twitter’s weren’t smart enough.

 

[Bootney Lee Farnsworth]

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Twitter could have raised the stakes for Mr. Musk by including a requirement that he pay damages to its shareholders if he walked away. In that case, the shareholders could have sued for the difference between the amount Mr. Musk agreed to pay and the price any other suitor would pay—like the homeowner finding another painter. But the merger agreement doesn’t give shareholders this remedy. . . . This case highlights an important risk to shareholders in mergers and acquisitions: The corporation that negotiates the deal may not have much of a case against a breaching counterparty because the corporation, unlike its shareholders, usually isn’t harmed when the counterparty walks away. The easy fix is to give shareholders the right to sue for their losses. But either Mr. Musk’s lawyers were too smart for that or Twitter’s weren’t smart enough.

They are fucking toast. He completely smoked them. Some will probably visit a federal prison.

 

[1srelluc]

 

[Baron Von Murderpaws]

Musk isn't stupid. He's created a billion dollar industry.

Of course he had a wild card hidden up his sleeve!

He will probably get Twitter for HALF the price now!!!

 

[struth]

makes you wonder what they were trying to hide…

 

[Tommy Tainant]

All these financial and legal experts weighing in now. Same folk who told us what he would o when he bought the company. That was when his bogus bid had them wanking off day and night.

 

[struth]

All these financial and legal experts weighing in now. Same folk who told us what he would o when he bought the company. That was when his bogus bid had them wanking off day and night.

why do you think it's ok for a company not to honor their part of a transaction? Why do you think they are hiding the information from him?

 

[Bootney Lee Farnsworth]

All these financial and legal experts weighing in now. Same folk who told us what he would o when he bought the company. That was when his bogus bid had them wanking off day and night.

So you're saying that Twitter made a full disclosure?

 

[Tommy Tainant]

So you're saying that Twitter made a full disclosure?

Im saying that Musk never wanted to buy twitter and he messed them about. now its going to cost him.

 

[struth]

Im saying that Musk never wanted to buy twitter and he messed them about. now its going to cost him.

How's it gonna cost him if Tweeter didn't live up to their end of the agreement as he claims?

 

[tahuyaman]

Im saying that Musk never wanted to buy twitter and he messed them about. now its going to cost him.

If they indeed did misrepresent the number of fake accounts, Twitter is the loser here

 

[tahuyaman]

why do you think it's ok for a company not to honor their part of a transaction? Why do you think they are hiding the information from him?

Fake accounts don't buy products advertised on Twitter

 

[Bootney Lee Farnsworth]

Im saying that Musk never wanted to buy twitter and he messed them about. now its going to cost him.

And if Twitter was serious (and not scared shitless about the fraud on investors being exposed), Twitter would've given him the shit he asked for.

So, no cocksucker. It's not gonna cost him.

 

[Tommy Tainant]

And if Twitter was serious (and not scared shitless about the fraud on investors being exposed), Twitter would've given him the shit he asked for.

So, no cocksucker. It's not gonna cost him.

You make huge assumptions. You have no idea about the terms that the deal was agreed on. You are guessing.
I doubt twitter would take this any further if the reality was as you imagine.
But we shall see.