The firm, which represented Twitter as Musk tried to back out of his deal to buy Twitter, received a $90 million fee for getting the deal over the finish line, according to The New York Times. Elon Musk’s Twitter alleges the payment is “unjust enrichment” and wants the fee to be returned. The NYT uploaded a PDF of the lawsuit, if you want to read it yourself.

The firm, which represented Twitter as Musk tried to back out of his deal to buy Twitter, received a $90 million fee for getting the deal over the finish line, according to The New York Times. Elon Musk’s Twitter alleges the payment is “unjust enrichment” and wants the fee to be returned.

  • flipht@kbin.social
    0·
    1 year ago

    Which is why I still think something else was going on with the Twitter sale. It doesn’t make sense for anyone financially.

    Unless you imagine it’s a bank giveaway to Musk, who will count Twitter as a loss carry forward for years to come when it goes bellyup.

    • smokeythebear@kbin.social
      1·
      1 year ago

      I was, and remain, 100% convinced Musk will never pay those loans. The Saudi, etc authoritarians who bankrolled him knew it was a payment to kill Twitter. The west may have forgotten the Arab spring, but they didn’t, and have been scared of Twitter since