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I certainly expect him to pay the 1 billion dollars required for backing out, but of course he will try to avoid that.

The real reason is that he can't afford to buy Twitter at the negotiated price, which is entirely on Musk.

There is a misapprehension about the breakup fee: It isn't at Musk's discretion that he can pay the fee and walk away. The breakup fee would be paid if the deal can't proceed for reasons outside Musk's control. That does not include wanting to argue due diligence matters, having waived dd.

Too bad Elon didn't wait a while longer, the market is dipping left and right.

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