Saturday, November 26, 2022

Musk speaks of cheaper Twitter deal

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Twitter shares ended the day in US trading down a good eight percent at $37.38. That’s a far cry from the $54.20 per share that the head of electric car maker Tesla has so far promised Twitter shareholders.

Musk himself sent the stock plummeting over the weekend by declaring the deal to buy Twitter “temporarily suspended.” He first wants to wait for calculations to show that accounts without real users actually make up less than five percent. It is still unclear whether Musk can put his agreement with the Twitter board of directors on hold from a legal point of view.

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