It’s going to get messier from here.
in the event that either backed out for specific reasons. Musk agreed to pay the fee if he isn’t able to secure the funding he needs to complete the takeover — which, so far, he hasn’t. And Twitter agreed to pay the fee if it found another buyer or its board recommended that stockholders vote against Musk’s offer.
Since Musk is claiming that Twitter breached the terms of the deal by not being forthcoming about critical business information as it pertains to bots, it’s clear he is trying to get out without paying anything. The breakup fee isn’t mentioned inWith Twitter saying it’s going to put up a fight to make Musk pay up, this already-crazy deal could soon turn into a protracted, messy legal battle.
“I know this is an uncertain time, and we appreciate your patience and ongoing commitment to the important work we have underway,” Edgett wrote.
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