Musk offered $44B for twitter. Stock is now 20% off from the time of the offer, that is, twitter lost $8B in value, while the break up fee is $1B. Whatever Musk’s plans are for improving Twitter, $7B is some money … So, the deal was doomed by the Biden’s market. Maybe Musk will make a lower bid, while still fighting the breakup fee.
For those who have partisan views on this, what would you do if you give a real estate offer with $1K down and then next week, price of RE goes down by 10%. Will you pay the original offer or accept $1K offer. what would be halachik considerations here? Is it an aveirah to not stand by your word, or do we say that this is a simple contract that has an option to buy or pay a penalty?