The Tesla chief says the deal cannot go ahead unless the platform proves that fewer than 5% of users are bots
Yes it is, and it is very detailed. For all the talk from Musk of putting the deal on hold or negotiating a lower price, he has committed himself to the takeover at $54.20 a share by signing a formal agreement. It is going to be difficult to wriggle out of it. As section 6.3 states: “The parties hereto will use their respective reasonable best efforts to consummate and make effective the transactions contemplated by this agreement.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk sends obscene emoji to Twitter bossElon Musk has sent an insulting emoji to Twitter’s chief executive as part of his fight against spam.
Read more »
Elon Musk says different price for Twitter deal ‘not out of the question’\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
Elon Musk responds with poop emoji after Twitter boss hits back over fake account concernsParag Agrawal said he had 'confidence' in the company's estimates that less than 5% of users are spam, after Elon Musk temporarily paused his $44bn Twitter takeover.
Read more »
Elon Musk Says Twitter Must Prove Bot Claims for Deal to ProceedElon Musk said he won’t proceed with his $44 billion takeover of Twitter Inc. unless it can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal
Read more »
Twitter plans to enforce $44bn takeover price with Elon Musk\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »