Elon Musk’s Twitter deal includes a $1 billion termination fee on both sides

Elon Musk’s Twitter deal includes a $1 billion termination fee on both sides

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/26/elon-musks-twitter-deal-includes-a-1-billion-termination-fee-on-both-sides/

Elon Musk will have to pay Twitter a $1 billion termination fee if he doesn’t go through with his $44 billion acquisition of the social network, announced on Monday, per a new SEC filing. The filing, which details the terms of the agreement, indicates Twitter would have to pay the same fee under specific circumstances.

The billionaire tech exec agreed to acquire Twitter and take the company private at $54.20 per share, valuing the company at around $43.4 billion.

Elon Musk’s Twitter deal includes a $1 billion termination fee on both sides

Apr 26, 2022, 11:36pm UTC
https://techcrunch.com/2022/04/26/elon-musks-twitter-deal-includes-a-1-billion-termination-fee-on-both-sides/ > Elon Musk will have to pay Twitter a $1 billion termination fee if he doesn’t go through with his $44 billion acquisition of the social network, announced on Monday, per a new SEC filing. The filing, which details the terms of the agreement, indicates Twitter would have to pay the same fee under specific circumstances. > The billionaire tech exec agreed to acquire Twitter and take the company private at $54.20 per share, valuing the company at around $43.4 billion.