11:03:47 AM PDT - Friday, May 20th, 2022

Research Firm: Twitter Is at Elon Musk’s Mercy  

By Editor - Tue May 10, 12:53 pm

According to an investment firm betting against Twitter shares, Tesla CEO Elon Musk could end up paying less than the $44 billion he offered last month to purchase the social media platform. According to Hindenburg Research: “Musk holds all the cards here. If Elon Musk’s bid for Twitter disappeared tomorrow, Twitter’s equity would fall by 50% from current levels. Consequently, we see a significant risk that the deal gets repriced lower.”

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Research Firm: Twitter Is at Elon Musk’s Mercy

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