Quote:
Originally Posted by PeteMoss
It will also come out if musk already knew about it. The Delaware courts aren't big on overturning purchase agreements. There are reasons why so many US corporations register in Delaware when basically none of them are established there.
The most likely outcome is some kind of settlement... Either in a lower purchase price or a higher breakup fee. But you can't just back out of a purchase agreement for whatever random reason you come up with because you change your mind.
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I get that, however we don't know if Musk doesn't have legal precedent or not here. Maybe he had some sort of legal protection in the purchase agreement where he had the right to back out if something about Twitter didn't line up.
The whole purchase thing is sketchy as heck, but at the same time I think Twitter is basically a Russian bot site and has been for a long time.
In effect if you buy Twitter, you buy it for the user base, and if the user base turns out to be completely fraudulent, why shouldn't there be a clause allowing you to back out? I mean that is literally the first thing I thought of when I heard Musk wanted to buy Twitter. Whether he actually knows how many real users they have.