Merger & Acquisitions and Real Estate are really separate things so trying to use them for analogies is going to break down rather fast.
If Musk was buying a house (Twitter) we're basically at the point where He's made an offer, they accepted, Musk fulfilled all contingencies (including financial), they both signed the papers transferring ownership, and then Musk decided rather than moving in and wiring them the money he'd rather not. (Analogy doesn't work so well).
Sure, if you own a house you can call anybody to come inspect it but you still need to wire the seller the money.
My point was that the contract to purchase waived inspection results (aka percentage of accounts being bots, etc.) being a cause for breach of contract. That diligence can still happen, it just can't be used to back out of the contract.
Any analogy breaks down. I thought this was a good one because in the current housing market many buyers have to waive inspections as a contingency because of bidding wars, etc. They can still get the inspections done though (and should).
If Musk was buying a house (Twitter) we're basically at the point where He's made an offer, they accepted, Musk fulfilled all contingencies (including financial), they both signed the papers transferring ownership, and then Musk decided rather than moving in and wiring them the money he'd rather not. (Analogy doesn't work so well). Sure, if you own a house you can call anybody to come inspect it but you still need to wire the seller the money.