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Behind the dramatic reversal: Musk has proposed 30%discount acquisition but was rejected by Twitter

via:新浪科技     time:2022/10/7 17:04:06     readed:298


Musk "repeatedly jumped", and Twitter remained unchanged.

In the face of the trial, Musk, who kept "being a demon", seemed to yield.

According to the media quoting people familiar with the matter, Musk has sought up to 30%discounts in negotiations with Twitter in recent weeks. According to the person close to the negotiations, Twitter rejected the proposal.

In the past week, the scope of the two parties' negotiations on prices has been reduced to 10%, which is the purchase price of $ 39.6 billion. As of Wednesday, Twitter's market value was about $ 39.2 billion.

But these negotiations did not make progress in the end.At present, discussions on discounts only stay in the early stages, and they do not prepare any terms and lists.

On Monday, Musk seemed to give up a bargain and believe in Twitter and proposed that the initial price of the company's initial price was $ 44 billion.

Some media pointed out,Musk's "180 -degree change" aims to avoid trials.

Earlier, Wall Street I heard that Musk calculated the number of false accounts as a "reasons for the reasons" to terminate the acquisition, and some analysts pointed out that Musk's chances of winning in the court are "extremely impossible" Essence

Therefore, at this time, "softness" is likely to be the strategy adopted by Musk to avoid the possible legal issues that may occur in the future.

Eric Talley, a professor of law at the University of Columbia, said that he was not surprised by Musk's transformation, especially before Twitter's scheduled to "not be pleasant" on Musk on October 6.

In the letter, Musk's "Twitter immediately packed the lawsuit of Musk, all legal actions related to this case" also strengthened this view.

According to the media, since receiving the letter from Musk, the representatives of Twitter and Musk have been negotiating, but as of Wednesday afternoon local time, no agreement has been reached.But the two sides agreed to postpone evidence to obtain evidence on Musk.

Kathaleen McCormick, the judge responsible for the Twitter lawsuit, wrote in a legal document on Wednesday:

No party filed a suspension of lawsuit. Therefore, I will continue to advance trials scheduled to start on October 17.

Since Musk's acquisition of Twitter in April this year, the pull and dispute between the two sides have never stopped.

On July 8th, Musk announced the termination of M & A transactions in the document of the regulators, saying that Twitter "a number of clauses in the serious violation of the agreement", and when signing the agreement Unexpected impact.

Twitter officially sued Musk on July 12, and urged him to complete the acquisition at the original price.

In the next few weeks, both the lawyers of Twitter and Musk sent a large number of subpoena to the other party, trying to prove that the other party violated the trading terms, but the purpose of one party was to continue the transaction, and the purpose of the other party was likely to terminate the transaction.

Risk prompts and exemption clauses

Market risk, the investment need to be cautious. This article does not constitute personal investment suggestions, nor does it take into account the special investment goals, financial status or needs of individual users. Users should consider whether any opinions, opinions or conclusions in this article meet their specific conditions. Based on this investment, the responsibility is on its own.

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