iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,906 Blog Posts

Will Elon Walk Away From $TWTR Deal?

Shares of TWTR are off by 10% today after Elon sent this tweet out.

Frankly, it was only a matter of time, given the market conditions, for Elon to impose some hardball tactics with the Twitter board. If it weren’t for the Elon bid the stock would be in the 20s now for sure.

Some believe Elon will pay the $1b break up fee and walk away. I don’t believe that is the case and think the market is assessing correctly the new buyout price, around $40.

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6 comments

  1. metalleg

    Musk is going to undress them in public and after exposing tall their frauds, he will buy the company at a discount.

    They won’t be able to defend themselves once all is exposed.

    Genius

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  2. roguewave

    Why are there so few comments?
    I don’t know. What I do know is I tried posting twice yesterday without success.
    It didn’t say the usual “awaiting moderation” or whatever and show up a few hours later. The posts simply vaporized into the fact checker’s netherworld. Sort of a kinder gentler chinese social credit shadow banning system.
    Lets see what happens today at 11:40

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  3. roguewave

    The “official” numbers are out. (Have they been “doctored”?)
    never got 1 + didn’t go back for the 2nd + didn’t boost = 70% not up to date
    11:51a

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  4. Cricket

    Will Elon Walk Away From $TWTR Deal?

    He’s prepared to walk away and that is a real threat.

    It’s in the hands of the TWTR board now. I think they will do whatever it takes to complete the deal which is a win-win even when they must strike a much lower price.

    So it’s really the question: Will the board walk away? On balance I don’t think they will.

    No doubt big parachutes await when the dust clears. Nice incentive.

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  5. hattery

    Elon will pay $42.069 just for the lulz

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