Tech billionaire Elon Musk is talking about a cheaper price for his takeover attempt on Twitter – the Tesla boss originally wanted to buy the short message service for 44 billion US dollars (42 billion euros). A deal at a lower bid is “not out of the question,” Musk said in a video interview at a conference on Monday. Twitter shares ended the day down 8 percent in US trading at $37.38. That’s a far cry from the $54.20 per share that Tesla CEO Tesla has been promising Twitter shareholders.
Musk himself sent the stock plummeting over the weekend by declaring the Twitter-buying deal “temporarily on hold.” He first wants to wait for calculations to show that accounts without real users actually make up less than five percent. It is still unclear whether Musk can put his agreement with the Twitter board of directors on hold from a legal point of view.
Twitter boss Parag Agrawal confirmed on Monday that the proportion of spam user accounts on the short message service was “well below five percent”. This status for the past four quarters can only be obtained with the help of confidential information and therefore cannot be reproduced from the outside, Agrawal wrote on Twitter.