Similar Stories to 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 on Bing News

mfox@businessinsider.com (Matthew Fox), Business Insider
Mon, 05/16/2022 - 6:44am

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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Topics:  hannibal hanschke /getty images   dan   jack dorsey   ceo   new york city   business insider   musk   elon   wedbush   twitter   tesla   ives   dog ate the homework excuse   deal   billion   stock   bot   bots   concern   issue   view   financing   price   big   buy   committed   pressure   plunging   platform   market   buyout   
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