We now have the merger agreement between Elon Musk and Twitter, and there are some very interesting things buried within.
It's rare to see a "virtually" unconditional $1B guarantee...in Virtual Legality.
CHECK OUT THE VIDEO AT: https://youtu.be/cCT6Sjacem0
#ElonMusk #Twitter #Acquisition
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SUPPORTING THE CHANNEL
UTREON - https://utreon.com/c/hoeglaw/
PATREON - https://www.patreon.com/VirtualLegality
STORE - https://teespring.com/stores/hoeg-law-store
BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA
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CHAPTERS
00:00 Introduction
01:10 Merger Highlights
15:09 The Merger Agreement - Overview
21:27 The Merger Agreement - Reps and Warranties
27:29 The Merger Agreement - Promises (and Potential for Breach)
36:29 The Merger Agreement - Penalties and Termination
41:07 Elon's $1B Guarantee
42:35 Conclusion
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Discussed in this episode:
PLAYLIST
https://www.youtube.com/playlist?list=PL1zDCgJzZUy_O52bErVCYZfVYMgVgu3nX
ARTICLES
https://www.politico.com/news/2022/04/26/twitters-top-lawyer-reassures-staff-cries-during-meeting-about-musk-takeover-00027931
https://finance.yahoo.com/news/twitter-locks-down-product-changes-195751959.html
SEC FILINGS
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/67572c16-711a-43fd-9488-b75e3f6bc469.pdf
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/5f984392-7ed7-47fc-b8fa-e45b596b49cf.pdf
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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:
https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo
DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.
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Twitter: @hoeglaw
Web: hoeglaw.com
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