Elon Musk, the world’s richest man with a net worth of over $200,000,000,000, wanted to buy Twitter in April and was planning to improve the company. But Musk is now blaming Twitter for not giving him more information about the company.
Twitter argued with Musk, ordering him to “finish what he started.”
Meanwhile, many banks gave Musk billions to help him buy Twitter. “They’ve signed commitment letters so they’re essentially committed,” said Adam Badawi, a law professor at the University of California at Berkeley. “Other companies wouldn’t want to work with them if they reneged.”
Elon Musk made agreements with two banks to loan over twenty-five billion, but the banks did not reply yet. So, he increased his pay for the deal up to $33.5b in total and said he’s quitting the deal. That way, the amount of money the banks are supposed to give him will change.
Twitter planned to sue Musk to close the deal. Many people did not believe Twitter was going to win against Elon Musk. But it’s most likely that Musk has to pay Twitter a fee for causing so many problems. If that’s the case, those banks won’t have to give him any money and will receive a fee from him too.
Twitter argued with Musk, ordering him to “finish what he started.”
Meanwhile, many banks gave Musk billions to help him buy Twitter. “They’ve signed commitment letters so they’re essentially committed,” said Adam Badawi, a law professor at the University of California at Berkeley. “Other companies wouldn’t want to work with them if they reneged.”
Elon Musk made agreements with two banks to loan over twenty-five billion, but the banks did not reply yet. So, he increased his pay for the deal up to $33.5b in total and said he’s quitting the deal. That way, the amount of money the banks are supposed to give him will change.
Twitter planned to sue Musk to close the deal. Many people did not believe Twitter was going to win against Elon Musk. But it’s most likely that Musk has to pay Twitter a fee for causing so many problems. If that’s the case, those banks won’t have to give him any money and will receive a fee from him too.
