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Elon Musk’s takeover of Twitter under threat

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The Tesla and SpaceX boss’s team reportedly halted talks with one of the investors believed to help acquire Twitter for $44 billion (C$57 billion).

Now that Musk’s team has come to the conclusion that Twitter’s numbers on fake accounts weren’t verifiable, they should take drastic action, one of the sources said. close to the file, details the American daily.

On Wall Street, the title of the Californian company lost more than 4% during electronic trading after the close of trading, after a session up slightly (+1.52%).

mountains of data

Elon Musk has repeatedly questioned the data transmitted by Twitter on spam and fake accounts and the means put in place to limit their proliferation.

In early June, the group’s board of directors agreed to give Elon Musk access to the mountains of data needed to answer his questions on this subject, after the businessman had threatened, in an official document, to withdraw his offer.

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The richest man in the world and his team therefore set out to analyze this raw data to determine if the percentage of fake accounts really represents less than 5% of daily active users of Twitter, as claimed by the network.

dollars per share and a title around 39dollars, the market is clearly skeptical about the chances that the transaction will take place at the expected price”,”text”:”At this stage, with an offer at 54.20 dollars per share and a title around 39 dollars, the market is clearly skeptical about the chances that the transaction will take place at the expected price”}}”>At this point, with an offer at $54.20 per share and a stock around $39, the market is clearly skeptical about the chances of the transaction taking place at the expected price.noted Dan Ives of Wedbush, a private investment company, in a note.

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at 45dollars a share”,”text”:”We believe the odds of the deal occurring are currently around 60%, with a renegotiated price in the range of $42-$45 a share”}}”>We believe the odds of the deal taking place are currently around 60%, with a renegotiated price in the range of $42-$45 per share.he added.

If ever Elon Musk terminates his commitment to buy Twitter, he exposes himself to substantial legal proceedings. Both parties have pledged to pay severance pay of up to $1 billion in certain circumstances.

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