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Reply to "Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder"
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[quote=Anonymous][quote=Anonymous]The lack of financing is his “get out of jail free” card. Closing the deal is subject to the availability of financing. There can be no specific performance of the acquisition without financing. So he can walk from the deal, and any liability, notwithstanding his purported termination of the agreement at least three separate times. [/quote] So he tried and failed to get out on the inspection contingency (since he didn’t have one) and now he’s trying with the financing contingency.[/quote]
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