Twitter Wants More Than a $1 Billion Breakup Fee

But for now Musk doesn’t want to pay the $1 billion, and Twitter wants more than that.

[{"selector":"#anim-f561fea6-b139-4bcb-96a2-9c96acb7c6bb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-16.249999877801017%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9e68bc28-1153-4c3e-a1f6-3de712ad460d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0c032e0-a9d6-4adf-b905-098090071c7d","keyframes":{"transform":["translate3d(0px, 186.45353%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

In a letter to Twitter on July 8 announcing his exit from deal, Musk's lawyers claimed

[{"selector":"#anim-5b8ed88c-4583-4d05-932e-e0e69fb56f2e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9147c28e-f809-4e2e-948f-b871e2b0d18e","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1e1bd125-84ed-46ef-85fb-9c6187373d0d","keyframes":{"transform":["translate3d(0px, 178.91930%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Twitter had violated the merger agreement by failing to provide information regarding its spam accounts per Musk's request.

[{"selector":"#anim-1b7d2cbf-bb66-4182-bb27-0024fc01e9df [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6e58a252-f414-4936-85d7-5ae86551be99","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99d71ba4-7c0d-4941-adf4-00924a9fee70","keyframes":{"transform":["translate3d(0px, 124.87257%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It will be up to a judge to decide whether Musk's asks were "reasonable" as spelled out in the agreement.

[{"selector":"#anim-afa88099-1b7f-463b-b4f3-cf1ba42b5eda [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.25179749258993%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-30463322-23b2-41f4-8342-f97f654e8de6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cb85f59b-72c5-4f4a-9072-6f87b216dca3","keyframes":{"transform":["translate3d(0px, 235.92868%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

If not, he could be ordered to pay the $1 billion breakup fee.

[{"selector":"#anim-ca1933cf-418c-49fe-aa9f-95358d2513fd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.845208758733012%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-26dbb16c-dc65-495a-8b39-24ded74bbb38","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63270a76-63cc-439e-a653-95a4a9582af0","keyframes":{"transform":["translate3d(0px, 213.59125%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

But Twitter wants the full $44 billion.

[{"selector":"#anim-03b292e4-ac12-4938-a336-e4a5492ce506 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.9615003654342935%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-de0c2398-cfe5-4c70-bab0-c11984a859f1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0ad62bd6-0694-4316-9412-619c83775ff4","keyframes":{"transform":["translate3d(0px, 328.85995%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Twitter stock is down 20 percent since the beginning of the year.

[{"selector":"#anim-771148cc-e49c-492f-bfcd-4626a91ae1e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-5.532255233376549%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-14d90c36-d0d3-410a-8a77-4f9ad5ec78f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-944d7764-1f66-461d-a844-768c828f420c","keyframes":{"transform":["translate3d(0px, 260.01982%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Check Out More Stories

[{"selector":"#anim-154d6872-39aa-42b4-9a7f-0c9802796e9d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b0e0baa4-599a-4089-94d0-f18eb3ee2994","keyframes":[{"offset":0,"transform":"translate3d(0, -804.35439%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -226.18445446799998%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -76.896279684%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -28.876322601%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -12.547928483999998%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] Swipe Up