Here's How Elon Musk Could Re-cut His Twitter Buyout
Elon Musk, chief executive officer of Tesla Inc., waves while departing court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021.
Photographer: Al Drago/BloombergHi, it’s Liana in New York. Today we’re talking about Twitter again—what else? We’ll look at some precedents of when deals are re-cut, and try to understand what Elon Musk’s next move might be. Plus, another Aramco-linked unit might go public, and a listed fintech company is weighing a sale.
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In the early hours of this morning, Elon Musk said he won’t proceed with his takeover of Twitter unless it can prove that spam bots make up fewer than 5% of its users. A few hours later, a Bloomberg survey showed that most investors and merger specialists think he’s trying to create a stir that might help him finagle a lower price for Twitter.