Deals
Musk Says Twitter Deal at Lower Price Is ‘Not Out of the Question’
- Twitter slides 8% following billionaire’s remarks in Miami
- Number of bots is ‘as unknowable as the human soul,’ Musk says
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Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter Inc., saying a viable deal at a lower price wouldn’t be “out of the question.”
Twitter shares fell 8.2% at the close of trading in New York. The stock has been dropping on speculation that Musk could walk away from the $44 billion acquisition. That concern has grown in the past week as Musk has questioned Twitter’s publicly disclosed data on the percentage of spam and fake accounts on its social-media service.