Shares of Twitter Inc. is expected to increase its losses for a third session on Friday, widening the gap between Elon Musk’s $54.20/share offer as deal talks are said to be at an impasse over projected debt. room.
Twitter Shares Inc. is expected to suffer further losses for a third session on Friday, widening the gap between Elon Musk’s $54.20/share offer as deal talks are said to be at an impasse over projected debt. room.
Shares in social media The company closed Thursday at $49.39, having fallen 1.9% in pre-market trading as concerns around the funding of the trade persisted. Those uncertainties have sent Twitter’s stock about 10 percent below its asking price.
Shares are expected to fall for a third day after surging on Tuesday as Musk made a surprising comeback from his bid to pull out of the deal, potentially avoiding a tumultuous spat of words. argumentative.
On October 3, Tesla The CEO said his offer was contingent on receiving $13 billion in debt financing. Then on Thursday, Bloomberg The reported negotiations to reach an agreed solution were stalled, in part, due to the new situation, according to Everyone Familiar with problem. \
On the same day, a Delaware judge halted a lawsuit against Musk over his takeover of Twitter, giving the parties more time to finalize the deal.
