Twitter Stock React to Final Buyout Negotiations

Reports on Sunday by the Wallstreet Journal on renegotiations of the final buyout offer for Twitter have pushed the Twitter stocks up 4.9 percent.

The Wall Street Journal and Reuters had reported that there was significant progress on the negotiation but also warned that such negotiations could collapse at the last minute.

According to a Reuters report, Twitter board members would meet on Monday to recommend the transaction to shareholders. The Wall Street Journal had also noted that Musk had already set aside Usd 46.5 billion in his bid for the social media company.

With Musk’s best and final offer being Usd  54.20  per share, the board members will discuss the value of the company but also ensure their numbers match Elon Musk’s offer as they iron out the details of the deal.

“Twitter is still working on an all-important estimate of its value, which would need to come in close to Mr.Musk’s offer, and it could also insist on sweeteners such as Mr.Musk agreeing to cover breakup protections should the deal fall apart,” part of the report by the Wallstreet journal.

Elon Musk, a business magnate, had his earlier proposal trigger the board members to enact a ‘poison pill’ strategy that would dilute Musk’s shares of the company.

Amid the speculation of Elon Musk taking over Twitter, the prediction of musk-twitter negotiations was predicted by Aran Solomon, chief legal analyst for Esquire Digital.

Aron Solomon had predicted days before the buyout offer from Elon Musk and the leverage of his influence on Twitter in case the deal fails to materialize to get a deal done in the shortest time possible.

The legal analyst made other predictions while speaking to the Western Journal  on the future of the social media platform if Musk succeeds in sealing the deal.

“What is certain is that Musk and any other people who helped facilitate his bid are banking on the fact that Elon Musk at the helm of Twitter is going to cause not only a spike in the price of the shares but allow Twitter to grow and scale as it has yet to prove that it can do in its history.

While many people were and are concerned that Twitter may become a completely open playing field with no filters on speech, the forum for free-speech angle may have simply been a distraction for Musk to acquire control of what he sees to be a company that can dramatically increase in value.” Solomon elaborated.