NYT Report … “Since the request for a 10% reduction was not accepted, we will proceed as originally contracted.”
Tesla CEO Elon Musk asked Twitter to lower the acquisition price, the New York Times reported on 6 (local time).
Sources said Musk and Twitter had been negotiating a price for the acquisition for weeks before Musk agreed to return to the deal.
In the negotiations, Musk asked for a 30% reduction in the price of the acquisition, originally offered by Musk on Twitter.
Considering the original takeover bid was $ 44 billion, they were asked to lower it to $ 31 billion.
After Twitter turned it down, Musk offered a 10% cut this time.
However, when the negotiations did not go ahead on that either, Musk suddenly decided to stick to the original contract, the newspaper reported.
Musk said he will comply with the deal, but the two sides are fighting over the terms of the deal, the Wall Street Journal reported.
The trial was scheduled for five days at the Delaware State Equity Law Court from the 17th and negotiations were scheduled for the 5th, but no conclusion was reached.
The two sides failed to reach out to details, including how Musk will fund the Twitter acquisition, sources familiar with the process said.
The two sides agreed to postpone Musk’s testimony for the lawsuit, which was due in Texas on the 6th.
However, it is necessary to withdraw the case in order to reach a conclusion of the negotiations, but a conclusion has not yet been reached.
The court also said that neither party made any move to stop the lawsuit and the trial on the 17th would take place as planned.
/ yunhap news
