I guess, the closer the Twitter price is to $54.2, the more the chances of the deal to go through. Today twitter fell 3.6%.
I can still buy twitter for 48$ and If deal goes through sell at 54.2$ right? 12% Difference. But if the deal fails, Elon may sell his entire stake and open his own social media or something, which will hurt twitter soo much.
Frankly news should more about tesla stock holders. They must be anxious more than anything else because elon musk doesn’t have liquidity to buy twitter most likely will dump tesla shares to buy or is just playing around to buy back tesla at a good price
Twitter is definitely not worth it to be borrowed and mostly Elon Musk knows it. He doesn’t have 50 billion dollars liquidity. Most of that money is in paper assets as form tesla and spacex stock. I don’t think he would pledge them to get twitter. He would get a margin call and it’s not worth it. Now if he did dump the tesla stock completely to convert into cash to buy twitter then dark nightmare of tesla stock holders will come true . Frankly I think he is just playing same game as with bitcoin maybe buy back tesla at a nice price or something
At least nine other banks are helping Morgan Stanley, Bank of America and Barclays provide $25.5 billion in debt for the deal, including Credit Suisse Group AG, BNP Paribas SA, Citigroup Inc. and Deutsche Bank AG.