Amid spam bots row, Elon Musk hints at paying less than $44 billion for twitter acquisition

Elon Musk, CEO of Tesla and founder of SpaceX, gave a clue, which suggested that would be like to pay less for the acquisition of Twitter, according to a report by AP.

Musk bought the micro-blogging platform in April for an offer of $44 billion. The world’s richest man made the proposal to buy Twitter for $54.20 per share on April 14.

At Miami technology conference, Musk said that a viable deal with Twitter at a lower cost wouldn’t be out of the question, quoting Bloomberg, AP reported.

As per the report, at All-In Summit, Musk estimated that about 20 per cent of Twitter’s 22.9 crore accounts are spam bots, percentage he said was at the low end of his assessment

As per experts, the reason Musk is seeking a lower price is primarily due to a huge slip in value of Tesla stock, some of which he has pledged to fund the acquisition of Twitter.

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