Doubts about the purchase of billionaire Ilan Mask have risen after Ilan Musk announced that it had temporarily stopped buying Twitter worth $ 44 billion due to a review of the platform’s actual users.
According to the Observer, it is possible that the richest man in the world, before his offer, did not do the necessary care or was suspicious of buying Twitter and was looking for an excuse to back down.
The takeover, which involves several investment banks and more than a dozen investors, is now less than 50 percent likely, according to Dan Eves, an analyst at Wedbush Financial, which is known for covering Tesla, Musk.
Our view is that while Mask is committed to the deal, the intense pressure on Tesla shares since the announcement of the deal, the high risk factor of the stock and a number of other financial factors have caused Mask to withdraw from the deal. Ayes said.
According to Musk’s agreement with Twitter, if the contract fails, he will have to pay $ 1 billion for the separation.
Musk said he plans to sell $ 21 billion of his Tesla stock to buy Twitter. But Tesla shares have plummeted in recent weeks, meaning he has to sell far more shares than he originally wanted in cash.
Tesla shares have fallen 28 percent since Mask took over Twitter.
Source: Lebanon Debate
