Why Elon Musk Has to Buy Twitter!

This Tuesday, Twitter’s sued Elon Musk to force him to honor his legally binding agreement to buy the company. Twitter asked the Delaware Court of Chancery to fast-track a trial for September. According to the complaint “Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”

The Delaware court will examine the case on its merits and lawyers are suggesting that Musk’s defense is weak, if not laughable. “We will finally see if Elon Musk is ‘above the law,” according to John Coffee of Columbia Law School. “I am confident that in the Delaware courts the answer is no.” he told the FT.

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[HowMoneyWorks]

Going to tell my kids that this is Baywatch

[michaelh]

Elon: I wanna buy your company LOL.
Twitter: Okay.
Elon: Wait, what?

[phucle]

This is such a well-done and well-researched piece. I can only imagine the amount of effort you put in, Patrick. Thank you.

[alyramzi]

Mr. Boyle, your analysis and humor are epic as always. You are easily one of the best financial commentators on the internet. Cheers!

[compassionandhumility]

Anyone who is not an Elon sycophant, but who has paid attention to the dude's past actions, is not remotely surprised by this.

[reidmorrison]

The prediction that he would end up owning the company and required selling Tesla stock to do so was absolutely spot on! Great analysis Patrick!

[blue_anemone]

Regular yt: beach background is a green screen
Patrick Boyle: beach background is a legit real thing and yet he's still in a suit

GOAT behavior 🤣

[sebastianrmaaa]

Patrick Boyle is great. He makes well researched videos that still manage to be absolutely hilarious. Also sitting at the beach in a full suit is an awesome look. Great video

[ACE-kbuu]

Jason Statham is back at it again with great financial content.

[KingOfMadCows]

Elon tries to pull out, must be a first for him.

[rickyuser]

A fair solution would be the judge ordering Elon to buy 420 Billion Dink Doinks and then send every twitter user 69 doinks each. The balance could then be given to Twitter shareholders but delivered by an NFT of an exploding rocket ship. A true win-win-win scenario.

[dizzolve]

love how your channel evolved the humor.... the valuable info.

[IanMcD]

Something tells me that the judges as a whole and especially Vice Chancellor Laster (probably the foremost business law mind/jurist in the United States) of the Delaware Chancery Court aren't going to be amused with Musk's antics. If Musk wins on such a weak legal argument he's got the best legal team that Delaware has ever seen.

[arga]

If only an expert in Finance with broad experience and expertise on the field to include being a professor and leading a hedge fund would have told us this is exactly what was going to happen right when it was announced /s
I expect the video to be Patrick just saying "I told you so" in multiple ways lol

[jaybraithwaite]

The set and setting of this installment is just down right glorious.

[xntumrfoivrnwf]

I worked in an investment banking team that underwrote deal contingent derivatives for M&A deals (eg an fx forward whose settlement was conditional on a certain deal closing). We obviously had to do a lot of research into historical deal failure rates and their causes as it affected our pricing (and decision of whether to offer a trade at all).
I can assure you that one of the first things the risk committee would ask when we brought a potential trade to them for approval was to walk through the parties’ track record of getting deals done. In short, reputation is very very important.

[buriedpet]

Thanks for another great video Patrick. I was really looking forward to you covering this topic. You called it from the start.

[patrickmorris]

This entire mess was a cluster f#*k from the very beginning. Elon never should have gone near this deal .You aren't tested until a company you own and believe in is down 30-40-50% from its highs. You will question your conviction, your strategy, your process. The market has a way of finding your breaking point. Nothing tests your conviction like falling stock prices. Tesla dip getting on my nerves
though 🤧

[bagsofpopcorn]

Another video where Patrick baselessly insults Elon, who just BTW invented paper bags and photosynthesis!

[alexbos]

What a surreal scene this must have been to anyone going to the beach that day . I like to think there's not even a cameraman - just a man in a suit talking to a tripod on a little mound of sand to make sure the camera is at a good angle