Elon Musk Not Buying Twitter- Tweeted
Elon Musk tweeted that his $44-billion deal for Twitter Inc was "temporarily on hold" on Friday.
Elon Musk waits for data on the proportion of its fake accounts, sending shares in the social media platform plunging.
Elon Musk Not Buying Twitter- Fake Account
Elon Musk Not Buying Twitter- Still Committed
Tesla CEO Musk, who added that he was still committed to the acquisition, decided to waive due diligence.
He agreed to buy Twitter on April 25, in an effort to get the San Francisco-based company to accept his "best and final offer".
Elon Musk Not Buying Twitter- All Matter
Elon Musk Not Buying Twitter- Twitter Share
The spread between the offer price and the value of Twitter shares had widened in recent days because of the Elon Musk Offer.
Less than a 50% chance of completion. The downturn would prompt Musk to walk or seek a lower price.
Elon Musk Not Buying Twitter- Downturn
Elon Musk Not Buying Twitter- Reactions
There was no immediate reaction from the investors that Musk tapped last week to raise $7.1 billion in funding.
Musk tweeted a Reuters story from ten days ago that cited the fake account figures. Which do indeed represent less than 5%.
Elon Musk Not Buying Twitter- Reuters
Elon Musk Not Buying Twitter
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