Musk said that he would terminate the acquisition, and Twitter responded: it will bear $ 1 billion of the "breakup fee"

[Global Times Comprehensive Report] Musk, the world's richest man who has affected the industry and media nerves, is becoming more and more complicated, and may even evolve into a claim lawsuit that requires a huge "breakup fee". According to a report by the United States CNN (CNN) on the 9th, Musk spoke through a lawyer's letter on the afternoon of the 8th local time, saying that the acquisition would be terminated due to the default of Twitter. A few weeks before, Musk questioned this total amount of 44 billion US dollars in the acquisition of this total amount, focusing on the number of robots and false accounts on the Twitter platform, and Musk made a proposal for the true accuracy of Twitter sharing data to share data. Suspect. Twitter responded later on the same day, saying that the company's board of directors was committed to completing the acquisition transaction in accordance with the previous agreement terms, and threatened to take legal action. According to the previous agreements reached by Musk and Twitter, if the acquisition cannot be completed, Musk will bear a "breakup fee" with a total amount of up to $ 1 billion. As soon as the news came out, Twitter's stock price plummeted nearly 6%after the plate, while Musk's stock price of the CEO of Musk rose by more than 1%.

Musk data map. Picture source: IC Photo

CNN reports that Musk has recently seized the problem of the number of false accounts for Twitter. It may be that the original acquisition price is too high and want to find excuses to withdraw. It is worth noting that, as a key component of Musk's personal wealth and an important source of acquisition of Twitter funds, Tesla's stock price has been showing a decline after Musk announced the acquisition of Twitter plans.

Reuters analysis believes that Musk may be at a disadvantage in the subsequent huge "breakup fees" claim lawsuit, and the reason for the question of the transaction is not easy to stand. But on the other hand, experts believe that the case may not really end with lawsuits, because the fighting of the two parties in the lawsuit will take a long time and the cost of litigation is high, which is not good for both parties involved. Therefore, the two parties do not rule out the two parties. The possibility of reaching a new agreement and completing the transaction at a lower purchase price. In fact, similar acquisition disputes in the business community are not uncommon. In early 2021, after more than a year of twists and turns, the French luxury brand giant Louis Vuitton finally completed the acquisition of the well -known jewelry brand Tiffany. However, during the acquisition process, the two parties were disconnected from the prices of the acquisition price. In the end, Louis Vuitton completed the acquisition at a total price of $ 15.8 billion, a slightly reduced purchase price from the original agreed $ 16.2 billion. (Wang Pinzhi)

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