Elon Musk Could Lose Twitter Deal After Announcement

Anti-free speech liberals would be giddy with joy if Elon Musk’s bid to buy out Twitter doesn’t go through as planned.

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Actually, they will most likely do everything they can to get the acquisition to fail.

Musk’s purchase of Twitter is not yet complete, we know that.

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While Musk’s bid to buy the company was accepted on Monday, it is still possible that the deal will not proceed.

An SEC filing indicates Musk will be required to pay a termination fee of $1 billion if the deal falls through.

The same goes for Twitter if the deal collapses because of their actions.

That section reads:

Upon termination of the Merger Agreement under other specified limited circumstances, Parent will be required to pay Twitter a termination fee of $1.0 billion. Specifically, this termination fee is payable by Parent [Musk} to Twitter.

Upon termination of the Merger Agreement under specified limited circumstances, Twitter will be required to pay Parent a termination fee of $1.0 billion. Specifically, this termination fee is payable by Twitter to Parent [Musk].

It is stated in the filing that if the merger agreement is not finalized by October 24, 2022, Twitter “may terminate the Merger Agreement.”

Moreover, the merger may fail if Twitter shareholders “fail to adopt the Merger Agreement.”

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There are only “limited circumstances” under which this could occur, including if a third party proposes “a competing acquisition proposal that constitutes a Superior Proposal.”

“The board has to act as fiduciary, so if a higher price comes, they need to consider it,” The Epoch Times reported citing an anonymous ex-investment banker.

“But if a higher price does come, Musk can always up his offer. Practically speaking though, there are no other potential buyers right now,” it reports.

Also in Musk’s favor are some stipulations such as Twitter not being allowed to seek out any more offers.

As Musk indicated in a recent tweet, he is alright with toeing this line.

“By ‘free speech’, I simply mean that which matches the law. I am against censorship that goes far beyond the law,” Musk posted.

In an audio recording, Project Veritas shows the chaos that ensued inside Twitter’s headquarters after Elon Musk bought the company for $44 billion.

As reported by the Wall Street Journal, Twitter board member Bret Taylor opened the meeting by recognizing how emotionally shook he and other members of his company were following Musk’s acquisition.

“I also just want to acknowledge all the emotions of today. It is an emotional day. I want to acknowledge it,” Taylor stated. “By law, we are required to act in the best interest of our shareholders,” he added.

“Elon [Musk] made it clear in public that a large part of the reason he bought the platform was because of our moderation policies and disagreements in how we deal with health. This puts Twitter service and trust and safety, as well as anybody who cares about health on the platform in a very difficult position,” Leslie Berland, Twitter’s Chief Marketing Officer, says in the video.

Parag Agrawal, Twitter’s CEO, speaks about the news as well.

“I believe Twitter grows as a service allows for more people to use the product and have a better experience because we are able to make the conversation on Twitter, be safe, because we have built tools, processes for people to be able to feel safe and control their experiences,” Agrawal asserted. “I believe that there is a lot of work we have to do to continue making that better.”

“Sometimes that means more thoughtful moderation,” he continued. “Sometimes that means making things simpler. Sometimes that means changing product incentives to be able to solve problems through products, sometimes ensure policies.”

WATCH:

As Twitter’s founder Jack Dorsey went against the woke liberals currently running the company, he stunned the Twitter world.

In support of the sale, Dorsey tweeted following Musk’s purchase.

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Shareholder approvals and regulatory approvals are still pending for the sale to close at $54.20 per share this year.

“Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction,” Twitter announced. “The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.”

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk stated. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”