Tag: Tesla chief executive

Twitter Drifts Away From Musk’s Offer as Financing Concerns Loom
Technology

Twitter Drifts Away From Musk’s Offer as Financing Concerns Loom

[ad_1] Twitter Inc. shares are set to extend losses for a third session on Friday, widening the gap between Elon Musk’s $54.20 per share offer as the deal talks are said to be stuck over a debt financing contingency. Twitter Inc. shares are set to extend losses for a third session on Friday, widening the gap between Elon Musk's $54.20 per share offer as the deal talks are said to be stuck over a debt financing contingency. Shares in the social media firm which closed Thursday at $49.39, slipped as much as 1.9% in premarket trading as concerns surrounding the transaction's funding persist. Those uncertainties have kept Twitter's stock about 10% below the offer price. The stock is set to slip for a third day after soaring on Tuesday when Musk made a surprising U-turn from his effor...