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I agree. We know they were meeting to discuss a lower price throughout the process, but no agreement was reached. Not surprising if Twitter felt they were very
by TigeriusKirk 4y ago
I agree. We know they were meeting to discuss a lower price throughout the process, but no agreement was reached. Not surprising if Twitter felt they were very likely to win, why accept less? But they did discuss it.
It's more accurate to say Musk didn't want to buy Twitter for $44 billion. His timing on his bid really sucked. He might have saved half or more if he'd waited a few months.
- arlcode 4y agoWhat baffles me is that he would have just followed the tried and tested procedures of acquiring a company he would have paid less and would have had a chance to reconsider if he reaely wanted to during due diligence. Instead he made a take-it-or-leave-it offer with a ludicrously tight schedule and locked himself into an unfavorable deal without any obvious reason. I am certain there is a bad decision in there sometimes and I'm wondering what it it might be. A small part of me thinks that maybe he was uncertain and scared that he would back out so he took that option off the table preemptively.