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practical_romantic  2yr ago (text post)   3911 thread views

Small-Scale Question Sunday for October 23, 2022

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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Sometimes rich guys are dumb and impulsive, like a lot of people.

The drunken boxer stuff… I worked in the M&A industry for a decade. Watching Musk sign away his right to due diligence, then try and worm out of the deal, citing concerns that would have normally been addressed during due diligence, watching the share price drop with the rest of the market while Musk is locked in at the top, and now a judge (most-likely) dragging the sale across the finish line, has been some lovely schadenfreude. A-plus, chef’s kiss stuff.

Also, your info on the Feds blocking the deal is wrong. Musk is on the hook to resolve any objections, while Twitter can continue to demand their bag. Musk wanted to be Billy Big Balls and come in with a big, big offer containing terms Twitter’s board couldn’t refuse. And, they didn’t.

Large Twitter shareholders right now: https://youtube.com/watch?v=9Rd-FfKdcc8

Yeah this is what gets me. The "drunken boxer" strategy sounds the most likely and elegant, except for the fact that as far as I understand business deals, there's no actual possible advantage to actually be gained here from Musk's behaviour.

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