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Twitter board plans to sue Musk in Delaware court for backing out from deal

4 pointsby yoeloalmost 3 years ago

4 comments

nabla9almost 3 years ago
Musk hired good lawyers to make best case that can be made when there is no case, but Musk is going to lose this.<p>The cost of playing chicken against Twitter board is relatively cheap at the beginning. If they don&#x27;t flinch he must suck it up. I doubt he can afford to drag this for years because he will just drag Twitter valuation down and is still going to have it.<p>Twitter board can&#x27;t just give up this deal that is now super good for shareholders. It&#x27;s their fiduciary duty at this point. They get sued if they don&#x27;t see this trough.
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WheelsAtLargealmost 3 years ago
&quot;Let&#x27;s get ready to rumble.&quot; What a waste of every ones time. This will go for a long time since both sides have the money and it&#x27;s in their interest to do it. But what a waste of time and resources.
thefourthchimealmost 3 years ago
What a wild and stupid this misadventure has been.<p>All that came out of it was a lot of people having a lower opinion of Elon.
dilan-dio4almost 3 years ago
This was a PR move from the beginning.