Social media group says it is committed to ‘agreed price’ on day Tesla chief raises prospect of reducing offer
Twitter said it plans to enforce the $44bn takeover agreement with Elon Musk, just hours after the Tesla boss declared the purchase “cannot move forward” unless the social media company can certify the number of fake accounts.
Twitter’s share price has been trading below Musk’s agreed $54.20 a share offer, but it dived after the South African billionaire suggested he could walk away from the deal. Twitter’s share price closed at $37.39 on Monday.
Goldman Sachs will make $80mn from advising Twitter and JPMorgan will make $53mn, according to the company’s filings.
Read more: FT
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