Elon Musk’s offer to acquire the social network “Twitter” at a cost of 44 billion dollars could be overestimated if the billionaire refuses the deal. That’s according to a report by investment research firm Hindenburg Research, quoted by Reuters.
“Musk holds all the cards,” the Hindenburg Research report, which has a short Twitter position, said. “If Musk’s offer for the social network disappears tomorrow, Twitter’s equity will halve from current levels, so there is a significant risk that the deal will be overvalued, according to a research company.”
Shares of the social media platform wiped out 4 percent amid a broader downturn in the market, reaching $ 47.76 a share, their lowest level since Musk made his $ 54.20 share offer in April, calling it “the best and final”.
“We support Musk’s efforts to make Twitter private and see a significant chance that the deal will end at a lower cost,” the researchers wrote. renegotiation tool.
Both Twitter and Musk have declined to comment.
–
