Tuesday, May 17, 2022

Oh, Elon

Which rich guys will win!!!
Musk negotiated the Twitter deal over the weekend of April 23 and April 24 without carrying out any due diligence, the proxy statement shows.
No smart talking law guy but my understanding is I AM WAIVING ANY DUE DILIGENCE was spelled out. Musk tweeted on Tuesday that Twitter chief executive Parag Agrawal has refused to show proof for his company's estimate and that the deal cannot move forward until he does. Twitter's proxy statement shows that in the run-up to the deal Musk made no effort to get information about the issue.

"Mr. Musk did not ask to enter into a confidentiality agreement or seek from Twitter any non-public info regarding Twitter," Twitter said in its proxy statement.