Isn’t trying to reprice a shrewd move at this point? The market has taken a huge hit since he made his move and the options for Twitter haven’t exactly improved.
No. A shrewd move would have been to not do a fumbling hostile takeover. Everyone knows that tech stocks traditionally take a hit when the fed raises rates. He could have done this in a slower and more traditional way instead of attempting the largest leveraged buyout in history on a whim.
Now he has to work with a ton of contractual and legal issues, up to and including twitter being able to force him to go through with the deal, unless he can find clear evidence of fraud in their user numbers.
I absolutely agree. He will save himself $5-15 billion depending on the new offer price, a total no brainer. A big short selling hedge fund came out 4 days ago and laid this exact scenario out on the table https://hindenburgresearch.com/twitter/
