Elon Musk twitter deal is temporarily on hold

Elon Musk committed to acquisition.

Speculations about renegotiating the price or even walking away from the takeover.

The company’s stock sells for less than the $ 54.20 per share Musk offers.

Uncertainty about the Twitter deal sent it into a circus show with many questions and created trouble.

Now concrete answers to assure deal going forward.

Elon Musk wants to get away from the deal in view of vastly changing the market under the pretext of spam accounts. (experts)

Twitter faced accusations in the past of not addressing the automated fake account contents.

Twitter estimates fewer than 5% of fake accounts in the first three months of this year.

To reduce his own risk in the deal, Elon Musk lined up 19 new investors to help with his $44bn purchase of Twitter.

Elon Musk plans to finance the purchase through a mix of loans, investments and cash.

Larry Ellison whose worth is more than $100bn agrees to invest $1bn in Twitter.

Francis Kahn

Francis Kahn is a freelance journalist who joined ratedviral.com recently. With an eye for spotting interesting news bits, he composes raw materials in short bites, ensuring that whatever will be published on the website is important and well-curated

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button