Twitter Stock Slides On Snap Warning, Giving Elon Musk Another Reason To Walk Away From $44 Billion Takeover
$Twitter (Delisted) (TWTR.US)$ shares slumped lower Tuesday, providing $Tesla (TSLA.US)$ CEO Elon Musk with another potential out from his stagnating $44 billion takeover bid as social media stocks tumble in the wake of $Snap Inc (SNAP.US)$ surprise profit warning.
Snap disaster likely pushes Musk one step closer to the door or lower deal price in eyes of Street..Twitter shareholder meeting tomorrow will be interesting as soap opera continues.![]()
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Earlier this month, analysts at Hindenburg Research, a noted short-seller, cautioned that the deal could be 'repriced' if Musk threatens to walk away.
Snap disaster likely pushes Musk one step closer to the door or lower deal price in eyes of Street..Twitter shareholder meeting tomorrow will be interesting as soap opera continues.
Earlier this month, analysts at Hindenburg Research, a noted short-seller, cautioned that the deal could be 'repriced' if Musk threatens to walk away.
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TeslaSmurf : He NEVER gives up… unless the real data about the BOTs are so bad not to justify the former high offer. He will reduce it (probably at 42.0$) and a litigation will start. Maybe he will pay the 1 Bn fine to walk away from the previous offer (if he has the support of data showing a 20% BOT “contamination”) and immediately re-enter with the lower offer.
ecommerceshares OP TeslaSmurf : make sence