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Heh, Twitter filing in the court today said pretty much what I said in this thread.
And why the judge has set up Oct 28 as a deadline to complete the merger if he's really serious, or trial starts in November.
It ain't over until the fat laddie pays up.
And why the judge has set up Oct 28 as a deadline to complete the merger if he's really serious, or trial starts in November.
It ain't over until the fat laddie pays up.
The path from here is clear.
Either Musk throws another tantrum and invents some new excuse to drag it out.
Or he swallows a $44 bn loss, cos no way any serious banker believes he can actually make Twitter profitable, so heavy #TSLA collateral. And he shuts Twitter down.
Either Musk throws another tantrum and invents some new excuse to drag it out.
Or he swallows a $44 bn loss, cos no way any serious banker believes he can actually make Twitter profitable, so heavy #TSLA collateral. And he shuts Twitter down.
The real question is whether October Musk is actually willing to cash the check that April Musk wrote. Of paying $44 bn of his own money (banks ain't stupid) to take over what will NEVER be a company profitable enough for a real leveraged buyout. Just to shut it down.
