On Friday’s episode of “Jesse Watters Primetime,” Outkick co-founder Clay Travis speculated about how billionaire Elon Musk’s deal to buy Twitter would pan out.
Clay Travis said, “What’s going to end up happening — I’m looking right now, the stock price is down around $2 in the after-hours trading, which suggests what I think is the most likely outcome here.”
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How Elon Musk’s Twitter Deal Will End
“Elon Musk and Twitter will engage in a protracted legal battle before they end up agreeing on — if I were predicting a purchase price — somewhere less than $44 billion. Musk can argue that he’s getting some sort of compensation for what he believes are misattributed numbers of users on the Twitter platform.”
He further said, “Twitter can still get a better value than they would if Musk were allowed to walk away completely and their stock was returned to the open market.”
“It likely would fall into the 20s — near around half of what Elon Musk is willing to purchase for. So based on the way the stock market is reacting here in the after-hours to this news, I think there’s going to be some sort of negotiated settlement.”
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