Elon Musk wants to renegotiate the price to buy Twitter … but the company does not agree


Nathan Le Gohlisse

Hardware Specialist

May 23, 2022 at 4:10 p.m.

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Elon Musk © Naresh777 / Shutterstock.com

© Naresh777 / Shutterstock.com

After reaching an initial agreement with Twitter to buy the platform for 44 billion dollars, Elon Musk wants to renegotiate… but of course, the blue bird network does not agree.

New subject of disagreement between Elon Musk and Twitter: the amount of the redemption, if it were to be authorized by the regulators. Initially announced at 54.20 dollars per share, or a total of 44 billion dollars to be paid for the businessman, the amount of the transaction deserves to be reassessed according to Elon Musk. The billionaire is no longer sure he wants to invest so much for a site which, according to him, does not regularly estimate the number of its users.

A dirty business of bots…

In any case, this is what Elon Musk has been suggesting for several days. According to him, Twitter would underestimate the number of fake accounts active on its platform. In other words, the social network would contain fewer real users than promised, which would fatally impact its value.

Without agreeing to provide evidence (according to Elon Musk, interviewed by Teslarati), Twitter estimates that only 5% of accounts are bots or spam, while Elon Musk argues that this percentage would actually reach the 20% threshold. It is on this point that the boss of Tesla and SpaceX relies to ask to renegotiate the purchase price of the application, but according to the latest information from BloombergTwitter would still not hear it that way.

Previously, with the New York Times, Twitter had indeed clearly indicated that it wanted to stick to the 54.20 dollars per share traded on April 25. ” The board and Mr. Musk agreed to a transaction at $54.20 per share. We believe this agreement is in the best interests of all shareholders. We intend to complete the transaction and implement the merger agreement “.

On the same subject :
Spam on Twitter: what if Elon Musk was right?

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Twitter is a social network allowing its users to find the latest international and local information in just a few seconds. It is one of the most popular places on the internet to converse, discover, learn and exchange. In general, when an important event takes place, it is mainly on Twitter that it is discussed first.

Twitter is a social network allowing its users to find the latest international and local information in just a few seconds. It is one of the most popular places on the internet to converse, discover, learn and exchange. In general, when an important event takes place, it is mainly on Twitter that it is discussed first.

Source : Teslarati



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