Could ask him to pay the $1B fine in the deal for walking away?
The purchase price of 54.20 per share would net a lot more than a billion given the current share price.
So he's using the 'bot' issue to find an excuse for a deal he wants out of.
[1] https://www.cbc.ca/news/business/elon-musk-twitter-1.6432315
> Musk and Twitter agreed to a so-called reverse termination fee of $1 billion when the two sides reached a deal last month. Still, the breakup fee isn’t an option payment that allows Musk to bail without consequence.
> A reverse breakup fee paid from a buyer to a target applies when there is an outside reason a deal can’t close, such as regulatory intermediation or third-party financing concerns. A buyer can also walk if there’s fraud, assuming the discovery of incorrect information has a so-called “material adverse effect.” A market dip, like the current sell-off that has caused Twitter to lose more than $9 billion in market cap, wouldn’t count as a valid reason for Musk to cut loose — breakup fee or no breakup fee — according to a senior M&A lawyer familiar with the matter.
https://www.cnbc.com/2022/05/13/elon-musk-cant-just-walk-awa...
Yes, I get that if there are 'material issues' maybe he can walk (even though he apparently waved a lot of that).
He can't just walk away for 'no reason' and not pay the fine.
The crashing price is probably not a legit reason.
He can't just walk away and _pay_ the fine.
He is obligated to close the deal and Twitter can force him to do so. If some external force stops the deal from happening - or if he can show that Twitter egregiously violated the agreement - he can get away with not buying Twitter, but he still has to pay them $1B.
How could Musk possibly have done this, which must have been against the advice of his Bankers?
"I'm sending men to mars, ergo, I know more about M&A than i-bankers?
This is the kind of hubris that takes people down.
That's presumably what he told people and not "hey I'm just joking around, make sure to write the terms so the deal never actually completes"
And it's doubtful Musk was so dumb he'd enter into this contract 'just for fun' knowing the terms.
I suggested he did want to buy it, got bad advice or didn't listen to his bankers, and then the market crashed, and now he's in a bind.
I think OP may have intended to say “one of the two parties”