Twitter shares lost ground on the stock market Thursday, July 7 after the publication of an article by the
Washington Post
according to which the takeover of the social network by Elon Musk would be seriously compromised, because of the concerns of the multi-billionaire about fake accounts.
The Tesla and SpaceX boss's team has reportedly halted negotiations with one of the investors supposed to contribute to the acquisition of Twitter for $44 billion.
"Now that Musk's team has come to the conclusion that Twitter's figures on fake accounts were not verifiable, they should take drastic measures, said one of the sources"
close to the matter, details the daily American.
On Wall Street, the title of the Californian company lost more than 4% during electronic trading after the close of trading, after a session up slightly (+1.52%).
Read alsoElon Musk casts doubt on his takeover of Twitter
Elon Musk has repeatedly questioned the data transmitted by Twitter on fake accounts and the means put in place to limit their proliferation.
In early June, the group's board of directors agreed to give Elon Musk access to the mountains of data needed to answer his questions on this subject, after the businessman threatened, in an official document, to withdraw his offer.
The richest man in the world and his team therefore set out to analyze this raw data to determine whether the percentage of fake accounts really represents less than 5% of Twitter's daily active users, as claimed by the network.
Read alsoThe acquisition of Twitter by Elon Musk triggers a political and media storm
“At this point, with an offer at $54.20 a share and a stock around $39, the market is clearly skeptical about the chances of the transaction taking place at the expected price
,” noted Dan Ives of Wedbush in a statement. note.
“We believe the odds of the deal happening are currently around 60%, with a renegotiated price in the range of $42 to $45 per share
,” he added.
If ever Elon Musk terminates his commitment to buy Twitter, he exposes himself to substantial legal proceedings.
Both parties have pledged to pay severance pay of up to $1 billion in certain circumstances.
