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Musk Has to Pay $1 Billion to Twitter if Deal Falls Apart

By Jessica Toonkel
· · Source: The Information

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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