Instapundit: Musk backing out of Twitter purchase. This should be interesting.
Just the market correction alone makes a very bad idea. I suspect this deal so bad, that even if Musk has to pay $1 Billion walk away penalty, it is way better off than going through with it.
Trump makes mistakes too, but on this one he was right. That said, I do hope Elon has a relatively painless escape out. Better yet, I hope Twitter burns.
Musk responds to Twitter (on Twitter)
Elon’s 10-year Tesla options were about to expire, so he had to sell them. The Twitter bid did allow him to do that without his facing questions about why he was selling. And he sold at an excellent price! https://t.co/5aY9y3Zhao
— Henry Blodget (@hblodget) July 8, 2022
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I really don't think he was ever going to buy it, he was just running his big mouth.
ReplyDeleteRunning his mouth is one thing, signing a purchase agreement with a potential $1 billion walk a way penalty is another. Still, as suggested above, maybe something else is going on.
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