Musk says he could seek lower price for Twitter as he focuses on fake accounts
The Guardian says Elon Musk has suggested that he could seek to pay a lower price for Twitter, as the social media company’s would-be owner expressed further concerns about the presence of fake accounts on the platform.
The Tesla CEO said reducing his agreed $54.20 per share offer wouldn’t be “out of the question”, days after putting the $44bn ($36bn) deal “on hold” after he queried the number of spam accounts on Twitter.
Musk told the All-In Summit in Miami that the deal going through depended on Twitter’s response to his concerns about fake accounts.
“It really depends on a lot of factors here,” he said in comments reported by the Financial Times. “I’m still waiting for some sort of logical explanation for the number of sort of fake or spam accounts on Twitter. And Twitter is refusing to tell us. This seems like a strange thing.”
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