Musk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush_老虎社区_美港股上老虎

Musk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush

Seeking Alpha2022-08-10

It's becoming "more likely" that Elon Musk is going to buy Twitter (NYSE:TWTR) after all, according to investment firm Wedbush Securities, following the decision by the world's richest man to sell ...

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大陆员外郎
·2022-08-10
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Ives also raised his price target on Twitter (TWTR) to $50 from $30 to reflect &#34;the higher chances the deal now ultimately closes.&#34;</p><p>Musk, Tesla&#39;s (TSLA) CEO, had previously pledged in April that he was done selling shares of the electric vehicle maker.</p><p>Ives, who has previously laid out four scenarios for the ultimate resolution between Musk and Twitter (TWTR), believes at a minimum, Musk offers a settlement to Twitter (TWTR) in the range of $5B to $10B.</p><p>&#34;The Street and legal experts across the board view Twitter as having a &#39;strong iron fist upper hand&#39; heading into the Delaware court battle this Fall after months of this fiasco and nightmare playing out since April,&#34; Ives wrote in a note to clients.</p><p>Twitter (TWTR) shares rose more than 3% to $44.25 in premarket trading, approaching Musk&#39;s offer price of $54.20 per share.</p><p>Ives added that there could be a &#34;fierce battle in court&#34; with the number of fake accounts and spam &#34;front and center,&#34; but ultimately Twitter&#39;s (TWTR) board is holding firm to the aforementioned agreed upon price and have Musk close the deal.</p><p>In conjunction, Musk&#39;s counter lawsuit is seen as &#34;background noise,&#34; Ives added.</p><p>Earlier this month, it was reported that Twitter (TWTR) was going after Musk&#39;s associated with a broad range of legal requests as it seeks to have him make good on his $44B agreement to buy the company.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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