The banks that agreed to finance Elon Musk's $44 billion acquisition of Twitter 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.
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.