> Uniquely among public-company CEOs, Elon Musk has in the past pretended he was going to take a public company private with pretend financing! I am not saying that he’s joking now; I am just saying he’s the only person who has ever made this particular joke in the past.
> Perhaps he has decided that the joke would be even funnier if he signed a merger agreement, lined up billions of dollars of financing from banks and equity partners, committed to a $1 billion breakup fee and a specific-performance right in the merger agreement, got through antitrust review and a shareholder vote, showed up at the closing and said “nope, just kidding!” I mean, that would be very funny.
> Perhaps he has decided that the joke would be even funnier if he signed a merger agreement, lined up billions of dollars of financing from banks and equity partners, committed to a $1 billion breakup fee and a specific-performance right in the merger agreement, got through antitrust review and a shareholder vote, showed up at the closing and said “nope, just kidding!” I mean, that would be very funny.
https://www.bloomberg.com/opinion/articles/2022-05-11/terra-...