Is this man Ready to run three companies simultaneously?
Photo: Angela Weiss/AFP Via Getty Images
From the moment Elon Musk announced His Acquisition of Twitter, a contingent of doubles han skeptical that the deal would go through. Maybe they were onto something.
In a tweet Friday Morning, Musk abruptly announced that his deal to purechase the company was “on Hold,” purportedly gcause he has not ben able to ascertain twatr’s estimates of spam on its platform are acurate. In a follow-up tweet, he was “Still Committed” to the Prospective Purchase.
The Spam-Account Issue, which Has not figured prominently in the coarse of the deal, Could be a (Rather Thin) Justification from Musk for Walking Away entirery with the justification that was misled by the company. IT’S ALSO POSTIBLE THAT BY PUBLICLY WAFFling, he may be negotiating for a better price than the one he agreed to – a hefty $ 44 Billion, a number many belles was too.
The Question of Musk’s Financing Has Been A Central One Since He Expressing Interest In Buying the Company. AFTER INITIAL DIUBTS THAT HE IN A POSITION TO MAKE THE DEAL DEAL HIS MASSESS Personal Wealth, Musk Secured Billions in Loans From Outside Investors Like Larry Ellison, Reassuring Twitter’s Board.
But in recent Weeks, a swoon in the Stock Market – and Tech Stocks in Particular – Has workhened the Financial Climate. And tesla has come out especialy badly, with its value plummeting by about 30 percent in the last month. Investors understandably don’t seem to like the idea of Musk Splitting his time between the electric-car giant, spacex, and Twitter. And spread musk is beginning to realize that, this is if attempting to turn around a vital yet finanly Social-media company by touring it into a techno free-speeech zone isn’t the Trouble.
Musk Wold Be on the Hook for at Least a Previously Negotiated $ 1 Billion Billion Fee if negotiations with twitter collapse. But either CNBC Reportshe may have to pay Much More. Twitter Wold Likely Sue Him for Breach of Contract If He Walks Away, and Could Extract Billions More IF they did so Simply Because het Cold Feet.
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