- The Twitter Take Private deal rumbles on, with the stock having climbed to only three dollars shy of the agreed sale price.
- Corporate acquisitions are done and dusted only when the vendor has the money and the buyer has the shares - the Musk / Twitter deal is no exception.
- As it stands we believe the deal is likely to complete, though this is a moving feast and can change on a whim - this being Elon Musk after all.
- In this note we ask whether the sale of Twitter has implications for other social media stocks. We rate Twitter at Sell; Meta Platforms at Buy.
For further details see:
If Twitter Stock Goes Private, Are Other Social Media Stocks Good Buys?