Commentary
The question is finally settled: Elon Musk has declined to buy Twitter. His initial offer of $44 billion was contingent on truth and transparency of the company’s corporate filings.
It’s no different from the contract you put on a house: the inspections still remain. If the foundation is cracked—or, worse, if the owners block the inspectors from even looking into the question—the deal is off.
The letter from Musk’s attorney makes it absolutely and painfully clear that Twitter did not cooperate.
“Twitter has not provided information that Mr. Musk has requested for nearly two months notwithstanding his repeated, detailed clarifications intended to simplify Twitter’s identification, collection, and disclosure of the most relevant information sought in Mr. Musk’s original requests.”…