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OutKick founder Clay Travis predicted how billionaire Elon Musk’s deal to purchase Twitter will play out Friday on “Jesse Watters Primetime.”
CLAY TRAVIS: What is going on to finish up taking place — I am trying proper now, the inventory worth is down round $2 within the after-hours buying and selling, which suggests what I feel is the most certainly end result right here. Which is Elon Musk and Twitter are going to interact in a protracted authorized battle earlier than they find yourself coming to an settlement on — if I have been predicting a purchase order worth — someplace lower than $44 billion. Musk can argue that he is getting some kind of compensation for what he believes are misattributed numbers of customers on the Twitter platform.
ELON MUSK, TWITTER USERS MOCK BIDEN FOR READING ‘END OF QUOTE’ FROM TELEPROMPTER DURING LIVE ADDRESS
Twitter can nonetheless get a greater worth than they might if Musk have been allowed to fully stroll away and their inventory was returned to the open market. It will most likely fall into the 20s — round half of what Elon Musk is keen to buy for. So based mostly on the way in which the inventory market is reacting right here within the after-hours to this information, I feel there’s going to be some kind of negotiated settlement.
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