Elon Musk may try to reprice $44bn Twitter bid, says US short-seller
by Dan Milmo Global technology editor from Technology | The Guardian on (#5Z1MG)
Significant chance' of lowered offer owing to slump in tech stocks and social media firm's weak performance
A US firm known for betting against companies' share prices has said Elon Musk could submit a lower bid for Twitter, owing to a slump in tech stocks and a weak financial performance at the social media platform.
Hindenburg Research said there was a significant chance" that the Tesla chief executive will seek to pay less than the agreed bid price of $54.20 (43.90) a share, which values Twitter at $44bn and has been accepted by the company's board.
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