Elon Musk acknowledged on Monday that his agreed $44bn purchase of Twitter might fall through and that a lower price was “not out of the question”, adding to Wall Street fears that he is reconsidering his offer for the company.
The comments at the All-In Summit in Miami came three days after Musk declared on Twitter that he was putting the deal “on hold” over concerns there were more fake accounts on the platform than the “less than 5 per cent” that the social media company claims.
The tweet fuelled speculation on Wall Street that the Tesla and SpaceX chief executive was seeking to renegotiate the deal or walk away entirely, though he later tweeted that he was still committed to the transaction.
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