Summary:
- Twitter shareholders expected to vote on the Musk deal.
- Elon Musk will lose money on the deal if it goes through at the original agreed price.
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Twitter deal to be voted on at AGM
On Wednesday the Shareholders of Twitter are meeting to discuss Elon Musk's offer to buy Twitter. Although the billionaire has lost money on his twitter stocks, it is nothing compared to the loss he has seen on his Tesla (TSLA) stocks.
There is still skepticism regarding whether the Twitter deal will go through at the original offering price that Musk made. The TWTR shares are currently trading well below the $54.20 agreed upon selling price.
TWTR Share Price Chart
Sources: finance.yahoo.com
