Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter Inc., saying a viable deal at a lower price wouldn’t be “out of the question.”
Twitter shares fell 8.2% at the close of trading in New York. The stock has been dropping on speculation that Musk could walk away from the $44 billion acquisition. That concern has grown in the past week as Musk has questioned Twitter’s publicly disclosed data on the percentage of spam and fake accounts on its social-media service.
