Merged Musk buys Twitter!/ Elon Musk puts Twitter deal on hold....

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What are the chances of Musk consummating* this deal on October 28th? If he fails to follow through, how is the judge in the trial going to view it?

*I find that choice of word quite amusing as when this deal goes through, the only people who won't be shafted are Twitter's ex-shareholders.
 
jeremyp said:
What are the chances of Musk consummating* this deal on October 28th? If he fails to follow through, how is the judge in the trial going to view it?

*I find that choice of word quite amusing as when this deal goes through, the only people who won't be shafted are Twitter's ex-shareholders.
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I give the chance for the deal going through less than 1 in 10.
Musk might be on the hook for $1 billion, but he can delay that litigation forever, settling for maybe $200 million in ten years.

paying for Twitter out of his own pocket (because all the financing schemes have fallen through) would be way more expensive.
 
The Great Zaganza said:
I give the chance for the deal going through less than 1 in 10.
Musk might be on the hook for $1 billion, but he can delay that litigation forever, settling for maybe $200 million in ten years.
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No. Musk is on the hook for $44 billion. He signed the contract to buy Twitter. The $1 billion only counts in certain circumstance e.g. the government makes a law that says he's not allowed to buy Twitter.

If he fails to complete the deal by October 28, he is likely in very hot water. The trial was supposed to have started by then and was only delayed to give him a chance to live up to his promise. The judge is unlikely to be amused.

paying for Twitter out of his own pocket (because all the financing schemes have fallen through) would be way more expensive.
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Yes and if he fails to buy Twitter, the court has the ability to seize his assets to force him to buy Twitter.
 
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jeremyp said:
No. Musk is on the hook for $44 billion. He signed the contract to buy Twitter. The $1 billion only counts in certain circumstance e.g. the government makes a law that says he's not allowed to buy Twitter.

If he fails to complete the deal by October 28, he is likely in very hot water. The trial was supposed to have started by then and was only delayed to give him a chance to live up to his promise. The judge is unlikely to be amused.



Yes and if he fails to buy Twitter, the court has the ability to seize his assets to force him to buy Twitter.
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not going to happen.
Twitter would have to prove that, after Musk rejected them, no one else would ever consider buying them, and they can't continue their business without a buyout/merger.
At most, Twitter could sue for compensation of their shareholders for the difference of the share price offered by Musk and the price at which they are trading now.

But it is almost unheard of for a Court to force a merger between unwilling partners.
 
The Great Zaganza said:
not going to happen.
Twitter would have to prove that, after Musk rejected them, no one else would ever consider buying them, and they can't continue their business without a buyout/merger.
At most, Twitter could sue for compensation of their shareholders for the difference of the share price offered by Musk and the price at which they are trading now.

But it is almost unheard of for a Court to force a merger between unwilling partners.
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No. You do not understand. Musk has effectively already bought Twitter. He signed a contract to do so. If this case actually gets to court, there are only two possible outcomes: Musk wins the case or Musk buys the company. The Delaware Chancery Court which is hearing the case has forced people to complete buyout deals before. In fact the judge in this case has done it.

I think the most likely outcome is that Musk and Twitter settle out of court for a sum less than $44 billion but significantly more than $1 billion.
 
Looks to me like Musk is trying to get the deal killed indirectly. Like the 75% layoff talk. And he may be welcoming the national security angle as well. That way he gets out of the court mandating the deal go forward.
 
I have selfish reasons for hoping that the deal collapses: I'm sick of idiots wielding power and influence.
 
eerok said:
I have selfish reasons for hoping that the deal collapses: I'm sick of idiots wielding power and influence.
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Twitter right now wields power and influence, and it's being run by idiots. Are you not paying attention?
 
eerok said:
I think Musk would be worse than the current idiots, though it's true he's often all talk.
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Why? It's not like Musk would be actually running the place. He's only one guy, and he's busy enough already. There's actually very little he would actually be doing as owner of Twitter. The biggest thing would be who he hires to actually run the place for him, and I don't expect whoever that is to do any worse than the current crop. In part because it would be difficult to.
 
Ziggurat said:
Why? It's not like Musk would be actually running the place. He's only one guy, and he's busy enough already. There's actually very little he would actually be doing as owner of Twitter. The biggest thing would be who he hires to actually run the place for him, and I don't expect whoever that is to do any worse than the current crop. In part because it would be difficult to.
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I'm sure he'd try to impose his stupid ideas about moderation and free speech. Wasn't that the point of this shemozzle in the first place?
 
Ziggurat said:
Why? It's not like Musk would be actually running the place. He's only one guy, and he's busy enough already. There's actually very little he would actually be doing as owner of Twitter. The biggest thing would be who he hires to actually run the place for him, and I don't expect whoever that is to do any worse than the current crop. In part because it would be difficult to.
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Actually, I think he would find it a pretty difficult job setting out what he wants from the platform.

The thing that people complain about are usually in opposition.

People complain it is either too censorious, or not enough. The Terms and Conditions either allow too much harassment, too much doxing, too much dog-piling etc... or they prevent freedom of expression, and see too many people kicked off the platform, usually with some kind of uneven political slant being blamed.

Maybe Elon Musk can set the culture that pleases enough of its user base to accommodate them in such a way that people think Twitter is an improved platform, but I think it is unlikely.
 
With Zuck and The Musketeer competing for Incel Mastermind Of The Universe title, a lot of money, labor and resources are being bet on the public’s continuing willingness to have their relationships snooped on and commoditized for such shallow, glum and sophomoric forms of entertainment.
 
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