top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

10 May 2022

Hindenburg: Musk’s $44 Billion Acquisition Deal Vulnerable to Lower Re-pricing

The Index Today

On Monday, Hindenburg Research cautioned that Elon Musk’s $44 billion Twitter Inc. takeover deal can become subject to being re-priced at a lower rate should the Tesla CEO withdraw his acquisition proposal.

According to Reuters, the social media giant’s shares had plummeted by as much as 4% in the midst of a wider market slump, hitting their lowest since the world’s richest person announced his $54.20 per share buyout deal, at $47.76.

In a report, Hindenburg revealed, "If Elon Musk's bid for Twitter disappeared tomorrow, Twitter's equity would fall by 50% from current levels. Consequently, we see a significant risk that the deal gets repriced lower.”

The investment research firm also disclosed that Musk could simply pay the $1 billion termination fee before exiting the deal, but can also wield enough control to renegotiate the price for a lower one, reported Reuters. Hindenburg said, "We are supportive of Musk's efforts to take Twitter private and see a significant chance the deal will close at a lower price."

©Photo: during a keynote speech and fireside chat at SATELLITE 2020

Clay pottery with table linens
bottom of page