Legal Experts: Musk's Twitter Tactics Could Set 'Bad Precedent' for Other Deals
One law professor says Elon Musk is "acting in bad faith." Another says he's "bullying." In any case, they say, the social media platform may feel forced to return to the bargaining table to set a new price.
June 07, 2022 at 07:39 AM
4 minute read
Elon Musk faces numerous hurdles if he follows through on his threat to walk away from his purchase of Twitter, according to legal experts, but they say the company might need to renegotiate the deal unless it is ready to fight through costly and protracted litigation.
While a renegotiation might be a quick way to resolve Musk's dispute with Twitter, such a concession from Twitter would set a troubling precedent for mergers and acquisitions, the experts say.
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