Musks's Twitter Buyout Deal May Unravel
By Rick Moran Apr 28, 2022 9:27 AM ET
Few events in recent history have elicited such handwringing and lamentations from the left as the possibility that Elon Musk might own Twitter.
But have all their tears been for naught? The deal that Musk has crafted to buy the social media giant is fragile and could unravel as fast as it was put together.
One indication is the market — usually a pretty good indicator of what’s going to happen. Twitter shares plummeted after investors began to look more closely at the deal. Musk promised to make a $21 billion cash contribution to finalize the agreement but investors are questioning whether Musk will want to sell off some of his Tesla stock to make that happen.
Musk also has a history of changing his mind. Recall the announcement that he had secured funding to take Tesla private in 2018 and then he didn’t move on the deal. He also said he’d take a seat on the Twitter board and then backed out.
There are a lot of moving parts to the Twitter deal and investors aren’t convinced Musk can make it happen.
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