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From Matt Levine, a quick timeline: Musk signed a binding merger agreement to buy Twitter Inc. for $54.20 per share, and then decided he didn’t want to do that anymore, so he sent Twitter a letter saying that the deal was off.
Twitter said, no, we have a contract, you can’t just change your mind.
Twitter sued, and Musk fought bitterly in court for a while.
But Twitter was entirely right and he was entirely wrong: They had a binding contract, he had no good arguments for getting out of it [he did think bots would get him out of it], and courts tend to think that contracts matter even if Elon Musk does not.
Now... we are here.
Video Length: 00:25:17
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