Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

New obstacles in concluding a deal for Musk's purchase of Twitter


June, 08 2022
watermark Economic news

The uncertainty surrounding the deal to buy Twitter by Elon Musk may lead to the disruption of plans to attract an additional $ 2-3 billion from third-party investors. 


At the moment, Musk's attempts to organize new financing of the transaction have been suspended. In total, the entrepreneur planned to invest $ 33.5 billion in the transaction, and to attract the rest (of the total $ 44 billion) from outside investors. 


It is clarified that Musk intended to receive additional financing from a group of private investment companies led by Apollo Global Management Inc in exchange for preferred shares of Twitter. 


However, back on April 15, Twitter's board of directors adopted a shareholder rights protection plan, which was supposed to prevent an undesirable takeover of the company by Musk. On April 25, the parties still managed to agree on a deal. According to the agreements, Musk will buy Twitter for $ 44 billion ($54.2 per share).


But in May, the conclusion of the deal was again in question: Elon Musk stated his desire to make sure that spam and fake Twitter accounts account for less than 5%. And the day before yesterday, on June 6, Musk accused Twitter that the company refuses to provide this information and thus violates the agreement on the deal.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.