3 ms·
He over-offered in hindsight. At the time however, no, as mega-low interest rate money was still a thing, and companies such as Twitter had significantly highe
by b112 2y ago
He over-offered in hindsight. At the time however, no, as mega-low interest rate money was still a thing, and companies such as Twitter had significantly higher valuation as a result.
This is why he wanted to backout. The metrics had changed, by no fault of Twitter or him.
- Izkata 2y ago> This is why he wanted to backout. I think people completely forgot about this part: After the initial offer he tried to back out of it, saying Twitter wasn't actually worth that much. Twitter sued Musk to force the deal through, and it was finalized after months in court.