After a couple of days from the official confirmation, New details emerge about Elon Musk’s acquisition of Twitter. The operation, completed for 44 billion dollars, will make the company behind the social network a private company, with the exit from the stock market. The details of the agreement are emerging in these hours. Here are the latest updates on the matter.
New details to Elon Musk’s acquisition of Twitter
According to what emerged from the communications to the SEC, Elon Musk cannot tweet about the acquisition of Twitter except in a “polite” tone. The agreement, in fact, excludes any denigration towards the company or its members by Musk who, in recent weeks, had been very hard on the board of directors.
The offer can be withdrawn but there is a penalty to be paid in the event
Elon Musk can, potentially, stand back and don’t buy Twitter. To exercise this right, Tesla’s number one will have to pay one one billion dollar penaltythe. This is a very low figure compared to the penalties traditionally set in these cases.
It should be noted that Twitter could also refuse, after accepting it, the offer of the Tesla number, for example due to the (unlikely) presence of a better offer. In this case, the company will have to pay Musk a billion dollar penalty. The assumption that the offer is withdrawn or rejected, in any case, is highly unlikely. More details on the conclusion of the operation will certainly arrive in the next few days.