Elon Musk could not purchase Twitter in any case. The Tesla CEO in his newest tweet states that the $44 billion Twitter deal is on “maintain”. Musk supplied to purchase the favored microblogging web site final month for $44 billion. The transfer, which got here as a shock to most specialists and Twitter customers, has led to a lot hypothesis. Whereas there isn’t any doubt that Musk and Twitter are in settlement that Musk intends to buy Twitter for $44 billion and shut the deal within the coming months, there are speculations that he could again out of the deal.
Now, in his newest tweet, Musk mentioned that the “Twitter deal briefly on maintain pending particulars supporting the calculation that spam/faux accounts do certainly signify lower than 5 per cent of customers.”
It isn’t clear if Musk is critical about his tweet or if he’s simply joking. And given the best way he has been tweeting for the final 20 days, it may very well be something. The rationale why the discuss of spam bots may very well be a joke is that such due diligence is normally accomplished earlier than the merger and acquisition offers are introduced.
Musk saves Tesla, says no to Twitter?
Then there may be the discuss that Musk, seeing how Twitter inventory stays in doldrums, will wish to renegotiate the Twitter buy and argue for a cheaper price. On Might 9, Hindenberg Analysis, a US-based monetary analysis agency, mentioned that Musk would attempt to re-price the Twitter deal. In a tweet, the agency mentioned: “We Are Brief Twitter. Musk Holds All The Playing cards. We See a Vital Danger That The Twitter Deal Will get Repriced Decrease.” On the similar time, in its report, Hindenberg Analysis added that if Musk doesn’t get his approach he could even stroll away from the deal. Whereas strolling away will imply that Musk should pay a $1 billion payment to Twitter, Hindenberg Analysis believes that Musk is not going to thoughts it.
In its submitting the place it highlighted that lower than 5 per cent of customers had been bots, Twitter additionally famous that till its take care of Musk is accomplished, it was in unsure instances. Reuters wrote, “Twitter mentioned within the submitting it confronted a number of dangers till the take care of Musk is closed, similar to whether or not advertisers would proceed to spend on Twitter and potential uncertainty relating to (its) future plans and technique.”
A few of this uncertainty appears to be already evident. Simply final night time, Twitter CEO Parag Agrawal made some sweeping modifications within the management construction of the corporate he fired two senior executives — head of product and head of income. Parag additionally mentioned that Twitter was freezing all new hirings and was tightening its belt by reducing down on advertising, offsite, and different bills.
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