Elon Musk says deal for Twitter is 'on hold'

[texan]

After a deal is accepted more info can be exposed to the buyer. Obviously Musk is looking to amend his offer in some way based on more information.

Yes. That's when you look under the hood. Get to review theBS has been talked about or presented in a more general format. Here is a simple one. You think on Shark Tank every deal goes through? Or do you think once they confirm the presented information is true some fall through? They fall through once Sharks look through the details.

Such an asinine post. It shows you he is more about political parties than honesty. Which I find with most liberals.

[Tahuyaman]

Yes. That's when you look under the hood. Get to review theBS has been talked about or presented in a more general format. Here is a simple one. You think on Shark Tank every deal goes through? Or do you think once they confirm the presented information is true some fall through? They fall through once Sharks look through the details.

Such an asinine post. It shows you he is more about political parties than honesty. Which I find with most liberals.

Richie has this idea that he’s superior to everyone else

[carolina73]

I work on lots of large business transactions. No rational buyer would ever commit to a multi-billion dollar purchase without first doing detailed due diligence. Musk clearly didn’t do that here and just jumped in without fully considering what he was getting into.

The key is that an offer is not a full commitment. Since they were trying to add deal breakers until recently means they at that point had no formal agreement because that would not be permissible.

[Tahuyaman]

There could be some issues involving the investors Musk solicited.

[Bigdog]

Yes. That's when you look under the hood. Get to review theBS has been talked about or presented in a more general format. Here is a simple one. You think on Shark Tank every deal goes through? Or do you think once they confirm the presented information is true some fall through? They fall through once Sharks look through the details.

Such an asinine post. It shows you he is more about political parties than honesty. Which I find with most liberals.

It's a team sport to them, they cant root against their team ever, no matter what.

It's why you hear all of them lie and continue to tell you no matter what happens, Biden is better for the American people then Trump was which we all know is absolutely wrong!

[jigglepete]

Yes. That's when you look under the hood. Get to review theBS has been talked about or presented in a more general format. Here is a simple one. You think on Shark Tank every deal goes through? Or do you think once they confirm the presented information is true some fall through? They fall through once Sharks look through the details.

Such an asinine post. It shows you he is more about political parties than honesty. Which I find with most liberals.

I got curious about your shark tank reference. Interesting...

Of those 319, Forbes reporters interviewed owners from 237 of said businesses, finding that a whopping 73 percent did not get the same deal as the one that was televised. And 43 percent disclosed that their deals didn't materialize after appearing on Shark Tank!

[carolina73]

There could be some issues involving the investors Musk solicited.

That is likely.
A big investor or small group might threaten to stand in the way to blackmail Musk into a higher price.

Twitter is already not worth what Musk offered. It cannot make money as we likely head into a recession where advertising budgets drop.

[Tahuyaman]

That is likely.
A big investor or small group might threaten to stand in the way to blackmail Musk into a higher price.

Twitter is already not worth what Musk offered. It cannot make money as we likely head into a recession where advertising budgets drop.

Part of the reason Musk offered more than the current stock price is the high point for Twitter stock was substantially higher than the current price and it’s projected to rise to that point again in the future.

[MisterVeritis]

Elon Musk Puts Twitter Deal ‘On Hold,’ Stock Plummets 15% in Pre-Market Trading

...
In a report, Hindenburg which has a short position on Twitter, said: “Musk holds all the cards here. If Elon Musk’s bid for Twitter disappeared tomorrow, Twitter’s equity would fall by 50% from current levels. Consequently, we see a significant risk that the deal gets repriced lower.”

https://www.breitbart.com/tech/2022/...arket-trading/

[carolina73]

I got curious about your shark tank reference. Interesting...

Of those 319, Forbes reporters interviewed owners from 237 of said businesses, finding that a whopping 73 percent did not get the same deal as the one that was televised. And 43 percent disclosed that their deals didn't materialize after appearing on Shark Tank!

Those numbers sound pretty normal

Bought 3 companies (only one for myself) and walked away from 3 more.
One of the 3 we walked away from, with a letter of intent in place but they came back to us.

We have been selling our company since before COVID when the buyer walked away because of the economic threat. He made a smart move.

The sale is still not completed on the day of the closing. because usually you have a large escrow account to cover material misrepresentations. Most of these are not simple asset deals where you buy it a property instead of an ongoing business.

There is a great deal of fraud that happens with many of these companies. One case I remember was CT based electronics firm that had real inventory on top of boxes of bricks. The accounting term did not go down more than 2 layers.