Twitter board chair bret taylor tweeded, the twitter board is committed to closing the transaction the price in terms agreed upon with mister musk. We are confitent we will prevail in delaware court of chancery. The only framing that requires a more nuance is that it's not going to be a billion dollars. A break up fee is essentially, if an exogenous event takes place, it puts the deal out of the reach of both parties. That is almost a moot point here,. This is going to cost him a lot more than a billion dollars because what he has claimed is that they have violated covenants.
Breaking news: Elon Musk has informed Twitter that he is terminating his $44 billion dollar deal. Kara and Scott have a few things to say, and a few (correct) predictions to flash back to.
We'll be back on Tuesday with a regular episode!
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