Bret Taylor, Twitter board chair - 4:51 PM Chicago time · Jul 8, 2022
Now the negotiations will take place and I suspect we will see something like a $10-$20B purchase agreement. Musk will have opportunity for due diligence if they sue. If they don’t sue him, then the shareholders sue Twitter (ironically probably some of the financiers).
Musk does not have a right to due diligence. Just a right to 'information reasonably relevant to the business'. And he has no right to terminate the merger based on that information.
He waived his DD so that’s 100% on him and his unchecked ego, like most of his problems he likes to blame on everyone else.