According to the “Washington Post”, the businessman would be dissatisfied with the information on spam provided by the current owners of the social network, and could give up his expensive redemption, or at least renegotiate the terms.
Le Monde with AFP
The action of Twitter lost ground on the stock market Thursday, July 7 after the publication of a Washington Post article according to which the acquisition of the social network by Elon Musk is seriously threatened, because of the worries of the multimillionaire subject of spam.
A Wall Street, the title of the Californian company lost more than 4 % during electronic exchanges after the fence of the scholarship, after a slightly increased session (+1.52 %).
The team of Tesla and SpaceX boss would have interrupted negotiations with one of the investors supposed to contribute to the acquisition of Twitter for $ 44 billion. “Now that the Musk team has come to the conclusion that Twitter figures on false accounts were not verifiable, it should take drastic measures, said one of the sources” close to the file, details the daily American.
Elon Musk has repeatedly questioned the data transmitted by Twitter on spam, false accounts and means put in place to limit its proliferation. At the beginning of June, the group’s board of directors agreed to give Elon Musk access to the mountains of data necessary to answer his questions on this subject, after the businessman threatened, in an official document, to withdraw its offer.
“60 % chance that the operation takes place”
The richest man in the world and his team have therefore undertaken to analyze this raw data to determine if the percentage of false accounts really represents less than 5 % of the daily active users of Twitter, as the network claims .
“At this stage, with an offer at $ 54.20 action and a title around 39 dollars, the market is clearly skeptical when the transaction is done at the expected price,” said Dan Ives Wedbush in a note. “We believe that the chances that the operation is currently taking place of around 60 %, with a price renegotiated in a range of 42 to 45 dollars per”, he added.
If Elon Musk ever puts an end to his commitment to buy Twitter, he is exposed to substantial legal proceedings. The two parties have undertaken to pay a rupture compensation which can go up to a billion dollars in certain circumstances.