What if Elon Musk's Twitter deal falls through?
OutKick founder Clay Travis explains the consequences of Elon Musk's potential failure to buy Twitter amid the jeopardization of the deal on 'Jesse Watters Primetime.'
OutKick founder Clay Travis predicted how billionaire Elon Musk's deal to buy Twitter will play out Friday on "Jesse Watters Primetime."
CLAY TRAVIS: What's going to end up happening — I'm looking right now, the stock price is down around $2 in the after-hours trading, which suggests what I think is the most likely outcome here. Which is Elon Musk and Twitter are going to engage in a protracted legal battle before they end up coming to an agreement on — if I were predicting a purchase price — somewhere less than $44 billion. Musk can argue that he's 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 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. It likely would fall into the 20s — near around half of what Elon Musk is willing to purchase for. So based on the way the stock market is reacting here in the after-hours to this news, I think there's going to be some sort of negotiated settlement.
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