i think they were up 10% last week, but that was one of the things he didn t appreciate, the impact the tech selloff would have and maybe doubts about this acquisition. listen, i m being completely rational when i say this, and his mind is not totally rational. but if you are being completely rational, chart exactly where tesla was trading the minute he said last and final offer and where it is today. that would tell you why he s been doing dance that he doesn t believe in it, the bots are there, it s not worth the $5420. that would be the rational 54.20. but, again, this thing has not played out. this story s going to be going on for a while. and if you were to bet and, again, the betting is that suppose a federal judge comes to him and says you ve got to pay $20 billion as part of a settlement. is it worth walking away and getting nothing for paying $20 billion? i mean, that s kind of what is
transaction on the price and terms agreed upon with mr. musk and plans to pursue legal action to enforce the merger agreement. we are confident we will prevail. after it musk announcement yesterday, shares for twitter fell about 5% to $36.81. that is well below the $54.20 per share that musk offered to pay for the company. so as of now there is some speculation that his attempt to back out of this merger could be part of a negotiating strategy. musk can argue he is getting some sort of compensation for what he believes are misattributed numbers of users on the twitter platform. twitter can still get a better value than they would if musk were allowed to completely walk away. and their stock was returned to the open market. this ongoing feud between twitter and muss could end up being a long legal batter. some twitter shareholders are already serving the two parties
accepted the offer valid at 39 billion dollars. as of the close, market was $28 billion more than a 11 billion loss and after musk s big announcement yesterday, shares for twitter fell about 5% to $36.81, that s well below the $54.20 per share that musk offered to pay for the company. now, twitter could push musk to pay the $is billion breakup fee for the conditions to end the deal, but the board s chairman is not getting up, that they re going to enforce this merger agreement and confident they will prevail, this could end up being a very long legal battle, griff. griff: talking about a lot of money there. christina coleman live for us in l.a. thank you. molly. molly: so much money. for more insight on emon elon musk backing out of the deal,
ago. it s hard, everyone s saying, oh, he s trying to walk. i think the only thing we can say right now is he s committed to not paying $44 billion for this. neil: yeah, that does seem to be the case, because it s a long way from the $54.20 offer he had on the table. kelly, great reporting on this, i appreciate it. let s go to charlie gasparino who s been following the behind the scenes machinations and what do you think of that, charlie, that this might be his way of scrapping a better deal? i ve been saying that for a long time. i mean, it s widely known he doesn t want to pay $54.20. now, you ve got to try to get a little bit into the mind of elon musk here, what he s weighing. first off, this isn t a guy that looks at balance sheets and dives into companies. a lot of this is instinct. the instinct immediately was i can make work, this twitter work, buying twitter work. and that instinct was hit when
to withdraw his bid for twitter because he says twitter is not supplying him with the right information about these fake accounts. musk says i want that information. and you are covering it up. and if you don t give it to me, i m out of this deal. that s the status quo as we speak. ainsley: what is twitter saying? twitter is saying we have given you this information. don t quibble with it. ainsley: he wants out of the deal. musk either wants out of the deal completely, without paying the billion dollars breakup fee or he wants to do the deal at a much lower price. he offered to do the price at 54.20 per share. twitter is now about $39 per share. he might get that down and take the company. ainsley: if he did pull out of this deal so that he could wants to recover the billion dollars breakup fee wouldn t they go to court and then there is going to be evidence whether or not they had the information he had the information? this will end up in court. how many fake accounts a