Elon Musk may have just one escape hatch from the Twitter deal left.
But Musk has a third potential path, which has come into sharper focus in the last few days. This one revolves around the banks and investors who agreed to spend around $20 billion as part of his purchase effort, including Morgan Stanley and the venture capital firm Andreesen Horowitz. One hypothetical world in which Musk does not have to buy Twitter is one in which those backers pull away their money and Musk no longer has the cash to go through with the deal. Of course, he’d love that.
Alex Kirshner: Elon Musk and his lawyers seem to have three potential routes out of him buying Twitter. There is the bot thing. There is the idea that Twitter has not complied well enough with his information requests. And third is the issue of his financing. Are there any other routes that you can see that he might try to use in Delaware to get out of the deal?No, I think you got the main ones. The thing that’s distinct about this one is that it actually doesn’t let him get out of the deal.
Yeah, I think there’s probably three things that they’re looking for. So one is: Is there a smoking gun of communication that Musk or Team Musk has made to these lenders or the lenders have made amongst themselves, saying, “Hey, we just talked to Elon’s camp, and they really want to pull the plug”? So, a smoking gun that suggests that not only was heto get financing, which he’s required to do, but he was actively trying to sabotage the deal.
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