There is one scenario in which Musk would be allowed to abandon the acquisition by paying Twitter only a $1 billion break-up fee. His $13 billion bank financing for the deal would have to collapse.
The banks that agreed to finance Elon Musk's $44 billion acquisition of Twitter Inc have a financial incentive to help the world's richest person walk away but would face long legal odds, according to people close to the deal and corporate law experts.
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By Anirban Sen and Greg Roumeliotis (Reuters) -The banks that agreed to finance Elon Musk's $44 billion acquisition of Twitter Inc have a financial incentive to help the world's richest person walk away but would face long legal odds, according to people close to the deal and corporate law experts. .