This is going to get interesting. There’s a lot of, “Yeah, but….” on both sides.
Bottom line is that, especially if the buyer pays the breakup fee, it’s really hard to force somebody to buy something they don’t want to buy. And for a billion dollars, he’s going to argue that Twitter failed do live up to reps and warranties in the contract. I don’t know if there’s a factual basis, but that’s what he’s going to assert.
Also, it’s hard to know if Musk really just wants to walk, or is using this to get a lower price.
I think the truth is probably that Musk now thinks the proposed purchase price is too high, and he wants out or a lower price.
But he’s such a weird guy. Has the attention span of a kindergartener and a moral compass that continually spins in random directions. He might have just decided he doesn’t want the old toy / Twitter anymore, and has turned his focus to a new toy.