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Musk tries to stall Twitter takeover trial following whistleblower claims

gandalfcn Silver badge

I see someone doesn't understand what due diligence means.

"In financial setting, due diligence means an investigation or audit of a potential investment consummated by a prospective buyer. The objective is to confirm the accuracy of the seller’s information and appraise its value."

"Generally, the legal terms in a contract or other purchase agreements express specifics of the transaction. These may include the length of the investigation period, items to be examined, and the expiration date.

Audit tasks are subject to various situational contingencies. They typically include auditing financial records, evaluating assets and liabilities, and assessing operations or business practices."

"Due diligence undertaken in mergers and acquisitions is vigorous, time consuming, and complex.

Incomplete or improper investigation is actually one of the major culprits of why even the biggest M&A deals failed.

Therefore, it is critical for firms to closely investigate potential investments and understand the business’ true value. A firm may otherwise waste a great deal of their valuable assets and time completing the transaction."

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