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马斯克砍价失败?推特高管称不会就收购价重新谈判

Musk failed to bargain? Twitter executives say they will not renegotiate the purchase price

華爾街見聞 ·  May 20, 2022 07:15

Source: Wall Street

Twitter executives told Twitter employees at a full meeting on Thursday that Tesla, Inc. CEO Musk's potential deal with Twitter was moving forward at the expected pace, and that "there is no such thing as a so-called deal that was pressed the pause button." Twitter executives also said they would not renegotiate the agreed price of $54.20 a share.

After you sang our debut, there is a new plot for the Twitter acquisition, one of the largest acquisitions in the history of the Internet.

After it was mentioned earlier on Wall Street last week that Musk said that the false account was four times that claimed by Twitter, and the deal could not proceed without clarifying this point, Musk launched another "informal vote" on Twitter this week and called on his long-time "arch-rival", the Securities and Exchange Commission (SEC), to intervene to investigate the real number of users of the Twitter platform. On Wednesday, Musk turned against Twitter executives who called him mentally retarded "undermining freedom of speech and mocking people with Asperger's disease".

Twitter executives told employees at a staff meeting on Thursday, May 19, that the $44 billion deal to sell the company to billionaire Musk was going according to plan and that they would not renegotiate the agreed price of $54.20 a share.

Vijaya Gadde, Twitter's senior lawyer and head of policy, told employees at a staff meeting, according to people present at the meeting.There is no such thing as a deal being put on hold.In addition, other senior executives, including CEO Parag Agrawal and CFO Ned Segal, also spoke to employees.

At the meeting, Gadde assured employees that Musk must "do everything in his power" to ensure that his financing went smoothly, and said"if we need to do this in court, Twitter may try to 'enforce' the terms of the deal," but it is "relatively rare" to get to this point.

I believe Musk will be able to vote on his shares at Twitter's annual general meeting scheduled for May 25.

Musk's recent moves indicate that he has flinched from buying Twitter or wants to restart negotiations to lower the purchase price, because the market value of Tesla, Inc. has evaporated by more than $400 billion amid the continuing market downturn. Musk had planned to use more than $10 billion of Tesla, Inc. shares as collateral to secure financing for the acquisition of Twitter.

According to an earlier article on Wall Street, if Musk really chose to give up buying Twitter, he would face not only a simple $1 billion break-up fee, but also a default lawsuit from Twitter, which could cost him billions more."suspending the deal" may be just a prelude to Musk's desire to restart negotiations and complete the acquisition at a lower price.

But Twitter seems adamant that Mr Musk will buy the company at the price he has agreed on. Segal, Twitter's chief financial officer, told employees during the meeting that Twitter executives were still in contact with Musk and his team "regularly" to complete the deal, and discussed how the Twitter board made the decision to sell to Musk, including an analysis of Twitter's business forecasts in the absence of the deal.

While Twitter executives are confident that the deal can be struck and Twitter's share price rises instantly, the market may not be buying it at the close, with Twitter closing down 1.19% at $37.29 on Thursday, 31% lower than the agreed purchase price of $54.20.

Edit / Corrrine

The translation is provided by third-party software.


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