Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Twitter Jumps on Fresh Deal Hopes After Musk Increases Commitment to $33.5B: CNBC

Stock Markets May 25, 2022 04:55PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Yasin Ebrahim

Investing.com -- Twitter rallied in afterhours trading Wednesday on signs that Elon Musk has increased his conviction in getting the $44 billion deal to take the social media company private over the line. 

Twitter (NYSE:TWTR) was up 7% in afterhours to $37.16, though that is still below the $54.20 a share take-private offer.    

Musk increased his commitment in the Twitter deal to $33.5 billion from $27.25 billion. 

The news eased fears that Musk was potentially looking at walking away from the deal, or negotiating a lower price after the Tesla CEO flagged concerns about the number of fake accounts on the social media platform.      

Musk is also in discussion with Twitter founder and former chief executive Jack Dorsey and others to "help finance, or roll their shares over, to complete the deal," CNBC reported.

Twitter Jumps on Fresh Deal Hopes After Musk Increases Commitment to $33.5B: CNBC
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (9)
Tre Hsi
Tre Hsi May 26, 2022 11:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I can't believe people still think Musk wants to buy Twitter.....like they say, there is a sucker at every corner
Phil Kimmel
Phil Kimmel May 26, 2022 1:05AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buyer beware!
ZS Beck
ZS Beck May 25, 2022 10:30PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Twitter jumps, because Mask want to buy it 10B $ less. Makes sense .Then it will fall when thet say no?
Santosh Oak
Santosh Oak May 25, 2022 8:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Musk will ask Twitter to accept HALF the amount in a take it or leave it deal. The longer Musk delays more he stands to gain. He may even offer a share swap deal!! With Musk in the driving seat anything is possible.
Jack Waters
Jack Waters May 25, 2022 7:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is not an increase. He is trying to get out of a bad deal.
Kerry Drake
Kerry Drake May 25, 2022 6:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
market manipulation
steve clark
steve clark May 25, 2022 6:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Its going to happen
Renante Cabrera
Renante Cabrera May 25, 2022 6:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
sample
Todd Carlisle
Todd Carlisle May 25, 2022 5:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Uh.. he can't afford them. "Fresh Hopes" rely on Tesla trading above $800.. ain't happening bro
Rob Twigg
Rob Twigg May 25, 2022 5:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol, twitter execs should be watching the autonomy convictions very carefully.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email