I believe the agreement between Twitter and Musk had a $1B acquisition cancellat... | Hacker News

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		HarHarVeryFunny on July 9, 2022 \| parent \| context \| favorite \| on: Notice of termination of Twitter merger agreement I believe the agreement between Twitter and Musk had a $1B acquisition cancellation clause built into in, so if Musk can't successfully argue for breach of contract he'll have to pay this $1B break-up fee, rather than be forced to complete the purchase.

papercrane on July 9, 2022 | [–]

The contract includes a specific performance clause, so it's not as simple as a $1B break up fee.

softwaredoug on July 9, 2022 | [–]

That’d be a nice infusion of capital for Twitter. And maybe that’s the best case scenario outcome that they’re actually hoping for.

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