English
Français
Deutsch
Italiano
Português
Русский
Español
The deal is now likely headed for a lengthy court battle to determine whether Twitter can force Musk to close the deal and become its owner, or at least get him to pay the $1 billion set out as a breakup fee in the original agreement.
After initially saying he wanted to buy Twitter to eradicate bots, Musk has in recent weeks expressed concerns (without any apparent evidence) that there are more bots on the platform than Twitter has publicly reported.
Some analysts, however, have suggested that Musk simply wants an excuse to get out of a deal that now seems overpriced following the downturn in Twitter shares and the overall tech market. Tesla shares, which Musk is relying on in part to finance the deal, have also declined sharply since he agreed to the acquisition deal.
Twitter’s stock, which regained around 4% on Tuesday after falling sharply on Monday, is trading nearly $20 below Musk’s offer price, suggesting deep skepticism about the deal getting done, at least at its original price.
Read the full article here