Musk wil Twitter niet meer overnemen

Elon Musk heeft zijn advocaten een brief laten opstellen waarin hij laat weten de overeenkomst om Twitter over te nemen voor $44 miljard te beëindigen.

Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company’s chief legal officer Friday.https://t.co/9PZava8P7k

— CNBC (@CNBC) July 8, 2022

De vraag is overigens of dat nog lukt zonder een enorme break-up fee te moeten betalen. Fusie- en overnameovereenkomsten zijn in principe bindend.

and here’s Elon officially trying to back out of the dealhttps://t.co/e3T76osMsc pic.twitter.com/1cLf7wDYkI

— rat king (@MikeIsaac) July 8, 2022

a merger agreement -- in US public-company M&A usage -- is not an agreement to look into the company, evaluate its business and decide whether you want to buy it. it's an agreement to buy it!

— Matt Levine (@matt_levine) July 7, 2022

Bestuursvoorzitter Taylor:

The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.

— Bret Taylor (@btaylor) July 8, 2022