Twitter Buyout Uncertain As Elon Musk Pulls Out Of Deal

Elon Musk is trying to back out of his $44 billion agreement to acquire Twitter, as per a filing with the Securities and Exchange Commission (SEC) submitted on Friday.

[{"selector":"#anim-d31ef6c6-39fb-43c8-8b81-3383db9f59e0","keyframes":[{"offset":0,"transform":"translate3d(0, -173.58947%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -48.813358964%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -16.595153332000002%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -6.231861973%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -2.707995732%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] [{"selector":"#anim-1d7d1189-54b3-4b6a-b935-d894765a6ab1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.60267848417599%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Musk’s lawyers claim Twitter made “false and misleading” statements during negotiations concerning the number of monetizable daily active users (mDAUs) on the platform.

[{"selector":"#anim-666db458-c959-4e38-95d6-620c9c7367b3","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-8603dffe-845b-43e9-925e-cf171c06d205 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.3439849098371255%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

In other words, Musk’s lawyers claim Twitter isn’t being truthful about how many of its members are bots.

[{"selector":"#anim-39e1b4e9-c2cd-40be-a887-97efca5ba76e","keyframes":[{"offset":0,"transform":"translate3d(0, -280.01396%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -78.739925552%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -26.769334576000002%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -10.052501164%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -4.368217776%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] [{"selector":"#anim-9bd9589d-fd46-43d1-9d18-359a6056e5cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(25.922953447537626%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Following public criticism of Twitter’s alleged bot problem, it may be no surprise to see Musk’s lawyers cite it as the reason for backing out of the agreement.

[{"selector":"#anim-6a6ef7b0-ef84-4f7e-9684-22003bccd3f6","keyframes":[{"offset":0,"transform":"translate3d(0, -195.07937%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -54.85631884400001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -18.649587772%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -7.003349383000001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -3.043238172%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] [{"selector":"#anim-f3c27e36-768c-4981-b08e-2182b6656f73 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.964843640563366%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

Another reason Musk may be having second thoughts is the sharp decline in stock value. When Musk offered to purchase Twitter, he valued it at $54.20 per share. Since then, the value fell to $36.81 per share.

[{"selector":"#anim-fba64624-c94b-4e63-b832-0f46b99da140","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-81fb0b75-c5dc-4706-a6f0-ad82f3219b99 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.41294637461391%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Whether the reason is bots or the bottom line, it will not be easy for Musk to walk away from buying Twitter.

[{"selector":"#anim-4c3d37c8-5074-4e43-95e8-2ac2ae9bd552","keyframes":[{"offset":0,"transform":"translate3d(0, -300.13973%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -84.399292076%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -28.693358188%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -10.775016307%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -4.682179788%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}]

Twitter Buyout Uncertain As Elon Musk Pulls Out Of Deal

Twitter Buyout Uncertain As Elon Musk Pulls Out Of Deal

Elon Musk attempts to back out of deal to acquire Twitter for $44 billion.

Elon Musk attempts to back out of deal to acquire Twitter for $44 billion.

Brought to you by Trickyenough

Elon Musk is trying to back out of his $44 billion agreement to acquire Twitter, as per a filing with the Securities and Exchange Commission (SEC) submitted on Friday.

Elon Musk is trying to back out of his $44 billion agreement to acquire Twitter, as per a filing with the Securities and Exchange Commission (SEC) submitted on Friday.

Brought to you by Trickyenough

Brought to you by Trickyenough

Musk’s lawyers claim Twitter made “false and misleading” statements during negotiations concerning the number of monetizable daily active users (mDAUs) on the platform.

Musk’s lawyers claim Twitter made “false and misleading” statements during negotiations concerning the number of monetizable daily active users (mDAUs) on the platform.

Brought to you by Trickyenough

In other words, Musk’s lawyers claim Twitter isn’t being truthful about how many of its members are bots.

Brought to you by Trickyenough

Following public criticism of Twitter’s alleged bot problem, it may be no surprise to see Musk’s lawyers cite it as the reason for backing out of the agreement.

Following public criticism of Twitter’s alleged bot problem, it may be no surprise to see Musk’s lawyers cite it as the reason for backing out of the agreement.

Brought to you by Trickyenough

Another reason Musk may be having second thoughts is the sharp decline in stock value. When Musk offered to purchase Twitter, he valued it at $54.20 per share. Since then, the value fell to $36.81 per share.

Another reason Musk may be having second thoughts is the sharp decline in stock value. When Musk offered to purchase Twitter, he valued it at $54.20 per share. Since then, the value fell to $36.81 per share.

Brought to you by Trickyenough

Whether the reason is bots or the bottom line, it will not be easy for Musk to walk away from buying Twitter.

Brought to you by Trickyenough

Brought to you by Trickyenough