Experts say that Musk’s misconduct claim won’t stop Twitter from doing business

While there aren’t many instances of misconduct allegations in high-profile corporate deals that Musk has been accused of, it is clear that any reported accusation against Musk will not change anyone’s mind about the planned Takeover of Twitter according to professors from law and business schools.

David Yoffie, a Harvard Business School professor who teaches a course in strategy and technology, stated that he believed the allegation would have little or no effect on Musk’s attempt at purchasing Twitter.

Yoffie stated that “Twitter’s board will not change its position”, Musk’s equity backers, mainly friends, are unlikely to back down, and it is unlikely that it will affect lenders.”

Twitter’s deal with Musk is not final. It is expected that the deal will be completed by late this year depending on shareholder approval and financing. The deal was announced by Musk and Twitter on April 25.

Although it is theoretically possible, it is very unlikely that Musk’s allegation could lead Twitter shareholders to reject the purchase in their upcoming vote. Ann Lipton, a Tulane University business law professor, and dean stated that this is not likely.

Musk agreed to pay $54.20 per share, which is 42 percent more than the price Twitter shares were selling at on Friday.