With , we should have known it wasn鈥檛 going to be that easy.
Musk out early Friday his $44 billion cash deal for was 鈥渢emporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users.鈥
Although shares of Twitter fell more than 20 percent in premarket trading, they bounced back after Musk sent out a follow-up saying he is 鈥渟till committed鈥 to the deal.
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Musk agreed to buy Twitter on April 25. He also waived due diligence in an effort to push the social media giant to accept his “best and final offer.”
The CEO agreed to pay $54.20 per share, or around $44 billion, to acquire the company and take it private. That price represents a significant premium over the $41 the company鈥檚 shares are hovering around now.
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