Musk’s get-out-of-Twitter card is worth $5 bln - TheRealLSL -
Elon Musk said on May 13 that the $44 billion Twitter deal was “on hold” while he waits for the social media company to provide additional data on fake accounts. A few days later, he said that the deal will not move forward until the company’s Chief Executive Officer Parag Agrawal shows proof that spam accounts make up less than 5% of overall users.
Twitter said in a statement that it intends to “close the transaction and enforce the merger agreement.”SpaceX founder Elon Musk pauses at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018.
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Breakingviews - Musk’s get-out-of-Twitter card is worth $5 blnEverybody has a price. And for Tesla boss Elon Musk, the price might be $5 billion. That’s the amount that he could reasonably pay Twitter to walk away from his $44 billion deal . It would save both companies a protracted legal battle, and, importantly, the headache of more disruption.
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