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OutKick founder Clay Travis predicted how billionaire Elon Musk’s deal to buy Twitter will play out Friday on “Jesse Waters Primetime.”
CLAY TRAVIS: What’s going to happen eventually — I’m looking right now, the stock price is down about $2 in after-hours trading, which suggests what I think is the most likely outcome here. Which is Elon Musk and Twitter will engage in a protracted legal battle before reaching an agreement for — if I’m predicting a purchase price — somewhere under $44 billion. Musk may argue that he is getting some sort of compensation for what he believes are misattributed numbers of users on the Twitter platform.
ELON MUSK, TWITTER USERS MOCK BIDEN FOR READING ‘END OF QUOTE’ FROM TELEPROMPTER DURING LIVE ADDRESS
Twitter could still get better value than if it was allowed to fully exit and their stock was returned to the open market. It will probably fall into the 20s – close to about half of what Elon Musk is willing to purchase for. So based on the way the stock market is reacting here after hours to this news, I think there will be some kind of negotiated settlement.
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This article was written by Fox News staff.
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