附近上门

M&A Media & entertainment tech

Twitter Deal Drama鈥擬usk鈥檚 Deal On Hold

Elon Musk Twitter Tesla

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.

Search less. Close more.

Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.

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.

滨濒濒耻蝉迟谤补迟颈辞苍:听

Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link