Elon Musk seen by market pros winning Twitter at lower price

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 90%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Most investors and merger specialists expect the transaction to proceed, though at a discount to Elon Musk’s original $US54.20 a share offer.

Elon Musk’s takeover of Twitter has become a big question after a series of mixed messages from the billionaire. But despite the stock’s wild swings, merger experts still expect the deal to go through -- as long as the price comes down.

The shares plunged on Friday when Musk tweeted that the acquisition was “temporarily on hold” as he seeks more information on the number of fake accounts on the platform. If the deal falls through, Twitter is likely to trade at $US30.86 a share, according to the average of estimates from survey respondents. That’s 17 per cent below Monday’s closing price.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines