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Elon Musk's Twitter tantrum is a gamble that may not pay off
source link: https://www.telegraph.co.uk/technology/2022/05/18/elon-musks-twitter-tantrum-gamble-may-not-pay/
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Elon Musk's Twitter tantrum is a gamble that may not pay off
If Musk is trying to walk away, unwinding the deal is unlikely to be simple
Elon Musk got off lightly the last time he backed out of a multi-billion dollar deal.When the billionaire botched a $72bn (£58bn) attempt to take his electric car company Tesla private in 2018, he earned a figurative slap on the wrist.Regulators fined Musk a token $20m and forced him to step down as Tesla chairman, but he remained in charge, steering it to become the car industry’s most valuable company and becoming the world’s wealthiest man in the process.Unwinding his offer to buy Twitter is unlikely to be so simple. Last Friday Musk said the $44bn deal was “on hold”...
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