Comment on Elon Musk is using a 'dog ate the homework' excuse to potentially back out of buying Twitter and there is now a less than 50% ch

Elon Musk is using a 'dog ate the homework' excuse to potentially back out of buying Twitter and there is now a less than 50% ch

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk's excuse about Twitter bots is a way to back out of the deal, Wedbush said. Musk agreed to buy Twitter for $44 billion but could be feeling pressure amid falling Tesla stock. "We view the $44 billion Twitter deal as having less than a 50% [chance] to get done," Wedbush said. There is now a less than 50% chance that Elon Musk will acquire Twitter for $44 billion, a Monday note from Dan Ives, a Wedbush analyst, said.Musk, who plans to put up a big chunk of his Tesla stake to finance the Twitter buyout, raised concerns last week about the proliferation of bots on the social-media platform, adding that until his concern was sorted out, the deal would be on hold.

 

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