Elon Musk has to pay Twitter $1 billion if his financing falls through for the acquisition, and Twitter has to pay Musk if Twitter gets a higher offer or shareholders reject the deal, according to the merger agreement. The amount of the so-called breakup fee is within line of the standard breakup fees for such a deal which are usually around 1% to 3% of the value of the deal. Now the question...
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‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google

A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from tech giants like Amazon and Google. Both companies were selling cheap speakers capable of multiroom audio playback, a feature Sonos had pioneered on its devices more than a decade earlier. Sonos...
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