(CercleFinance.com) – Twitter formalized on Friday the filing of a so-called ‘Form 25’ document with the Securities and Exchange Commission (SEC) with a view to ending the listing of its shares on the New York Stock Exchange.
This announcement comes as Elon Musk finalized, yesterday evening, the takeover of the micro-blogging platform after several months of intense twists and turns and legal battles.
For analysts, completing the acquisition of the San Francisco-based technology group is an easy step to take and the hardest part now begins with the recovery of this struggling company.
“The acquisition price of $44 billion will certainly go down in history as the most exaggerated amount for a technology company takeover,” said Wedbush analyst Dan Ives.
‘With an enterprise value that we estimate around 25 billion, this operation remains a huge question mark, from which Musk himself could not extricate himself once a Delaware court interfered with the file,” he recalls.
According to the professional, many questions remain about the evolution of the platform, both in terms of monetization and downsizing.
The implementation of the mysterious ‘X’ application described by Musk, or even a model close to the Chinese mobile network WeChat also remain possibilities, he says.
The effective delisting is scheduled for the opening of the session on Tuesday 8 November.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
