from Hacker News

Twitter board plans to sue Musk in Delaware court for backing out from deal

by yoelo on 7/8/22, 10:38 PM with 6 comments

• by nabla9 on 7/8/22, 10:48 PM

  Musk hired good lawyers to make best case that can be made when there is no case, but Musk is going to lose this.

  The cost of playing chicken against Twitter board is relatively cheap at the beginning. If they don't flinch he must suck it up. I doubt he can afford to drag this for years because he will just drag Twitter valuation down and is still going to have it.

  Twitter board can't just give up this deal that is now super good for shareholders. It's their fiduciary duty at this point. They get sued if they don't see this trough.

• by WheelsAtLarge on 7/8/22, 10:42 PM

  "Let's get ready to rumble." What a waste of every ones time. This will go for a long time since both sides have the money and it's in their interest to do it. But what a waste of time and resources.

• by thefourthchime on 7/8/22, 10:54 PM

  What a wild and stupid this misadventure has been.

  All that came out of it was a lot of people having a lower opinion of Elon.

• by dilan-dio4 on 7/8/22, 11:30 PM

  This was a PR move from the beginning.