Twitter Musk deal on maintain… he probably thinks its too costly : shares

Supply: https://www.cnbc.com/2022/05/13/elon-musk-says-twitter-deal-on-hold-pending-details-on-fake-accounts.html

Additionally breaking information on most different monetary publications….

“Elon Musk introduced Friday that his Twitter deal is on maintain till he receives extra details about what number of faux accounts there are on the social media platform.”

The story with the faux accounts is probably going only a smokescreen to drive the acquisition value down given the market hunch. Possibly his pre-acquisition agreements with Twitter did not comprise any clauses about changes ought to the inventory market decline significantly within the meantime. So, right here is his escape route: Faux accounts.

He’ll most likely attempt to push down the deal value to twenty – 25bln USD. And that is probably sufficient to explode the entire deal.

no positions in twitter or Testla right here!