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Elon Musk, twist: "The agreement with Twitter is suspended". The stock collapses

13 maggio 2022
Sospeso l'accordo su Twitter (foto Afp via Ansa)

The agreement with Twitter is "temporarily suspended pending details that support the calculation that spam / fake accounts represent less than 5% of users".

Surprisingly, Elon Musk writes it in a tweet, sharing a Reuters article with figures that apparently the richest man in the world wants to verify before taking over the majority stake for 44 billion dollars .

On Wall Street, Twitter shares tumbled pre-market , now around -21%, while Tesla shares are up about 5% .

For Twitter, the agreement could be one of the major “ leverage buyouts ”, a purchase also through debt, of a listed company.

With the agreement, which if released, should close by 2022, the bluebird company is preparing to leave Wall Street, thus becoming a private company wholly owned by the South African billionaire.

(Unioneonline / D)

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