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Because it isn't "funny money" anymore.

"So why is he getting cold feet now?"

With the recent stock market sell offs and turning bearish, he's not going to close the deal with "funny money" but will expend much of his real wealth. Amplified by some of his investor friends pulling out to defend their portfolios.

If he just quits the deal, he has to pay them $1b for that. He's trying to make a case that he's backing out because what he agreed to wasn't a true representation of the company. If successful, it might allow a renegotiation, or to back out without paying the billion. If it works. It's a big "if" since he also damaged the stock price by violating the NDA which might limit his options.


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"You are precisely as big as what you love and precisely as small as what you allow to annoy you." ~ R A Wilson


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