The tycoon’s behaviour over the $44bn takeover is disgraceful – but it may prove effective too
- What are Elon Musk’s options in the Twitter takeover deal?
- Elon Musk: ‘Deal can’t progress without proof on bots’
You’re on the hook, Elon, so stop bleating about bots and cease speculating about a lower takeover price. When we agreed a bid at $54.20 a share, in cash, you waived your right to conduct due diligence. Look busy and use your best efforts to get the deal over the line, as you’re legally obliged to do.
That wasn’t exactly the tone of the board of Twitter’s statement on Tuesday about how it is “committed to completing the transaction on the agreed price and terms”, but may as well have been. After days of diverting comments by Elon Musk, Twitter is trying to bring the script back to basics. A $44bn (£35bn) deal has been agreed and a bidder can’t speculate about putting it “on hold” while he takes another look under the bonnet.
