The purchase of Twitter by Elon Musk is still in limbo. According to three sources close to the negotiations consulted by ‘The Washington Post’, the deal, estimated at 41,000 million euros, is «in serious danger«. The businessman’s team, in addition, would have stopped participating in certain discussions about the financing of the money destined for the acquisition of the platform.
And it is that, although most of the money allocated to the project would come, in principle, from Musk’s pocket, the executive is seeking to rely on the financial muscle of other investors.
The problem, according to the American media, would continue to be Musk’s mistrust of the figures provided by Twitter on the number of fake accounts and “spam” bots that swarm the social network. Despite the enormous flow of data shared with the tycoon by the platform, he and his team continue to think that “they do not have enough information to evaluate the prospects of Twitter as a business.”
The ‘Post’ points out that it is foreseeable that, soon, the businessman will “take potentially drastic measures. It is not clear whether this implies a review of the agreement, which would seek lower the price of purchase of the social network, or, directly, the withdrawal of the offerwhich would probably cause the tycoon to have to compensate the platform with a payment close to 1,000 million dollars.
Loss of value
The number of fake accounts wouldn’t be the only reason Musk would be tempted to review the deal. Twitter’s share price has fallen dramatically since the purchase agreement was made public. If, at that time, the social network had a lower price than the one agreed by the tycoon, now it is still below.
Specifically, the owner of companies like Tesla or SpaceX agreed to pay $54.20 per share; The current price is set at $38.80.
The drop in the price is due, according to a group of minority shareholders that recently filed a lawsuit against the businessman, to the comments made by him in public in which he complains about the lack of transparency regarding the work of the platform. when it comes to cleaning the ‘spam’ accounts that work inside it.
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