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Twitter股價下跌,收購能否如期進行?
华尔街见闻
joined discussion · Oct 21, 2022 17:48 ·

Media: The USA is considering conducting a security review of Musk's trades, including the acquisition of Twitter.

On Thursday, Eastern Time, according to sources cited by the media, U.S. government officials are discussing whether to conduct a national security review of some investment projects of Tesla CEO Musk, including the acquisition of the company and SpaceX's Starlink project.$Twitter (Delisted) (TWTR.US)$Ventures (Starlink).
Sources said the discussions are still in the early stages, and U.S. government and intelligence officials are weighing which tools can help the federal government review Musk's enterprises.One possibility is to review Musk's trades and business for national security risks through the laws governing the Committee on Foreign Investment in the United States (CFIUS).However, it is not yet clear whether this evaluation involving the U.S. Department of State, Department of Defense, and Department of Homeland Security will provide the government with a legal way to conduct reviews.
In the context of Musk's acquisition of Twitter, it could be a factor potentially subject to CFIUS review foreign investors in Musk's investment projects.One factor that may trigger a CFIUS review is foreign investors in Musk's investment projects,, including Saudi Prince Alwaleed bin Talal, cryptocurrency trading platform Binance Holdings, and Qatar Sovereign Wealth Fund.
Last Thursday, Twitter's lawyers stated in court documents that US federal agencies are investigating Musk in a probe related to Musk's acquisition of Twitter.However, the reasons for the investigation are still unclear.
On October 6, the Delaware court announced a suspension of the Musk's acquisition of Twitter case until October 28. The judge ordered Musk to complete the merger transaction by exactly 5:00 PM Eastern Time on October 28; if the transaction is not completed by then, a trial date will be scheduled in November.
It is worth noting that on October 28, which is the deadline for Musk's team to secure sufficient funding for the acquisition of Twitter. Some market analysts believe that the judge's ruling implies a minor victory for Musk's team before the court appearance and raises the possibility of Twitter being acquired.
However, the acquisition deal is facing challenges: institutional investors and banks that previously committed to providing funding for Musk's acquisition of Twitter may be considering pulling out in the current volatile risk asset environment this year.
Earlier this month, Musk confirmed that private equity firms Apollo Global Management and Sixth Street Partners were initially interested in providing a combined $1 billion in preferred stock financing for this acquisition, negotiations were already concluded around July, back then Musk backed out citing reasons like false accounts and concealment which led to the legal battle with Twitter.
Analyst Daniel Ives from Wedbush Securities, who has always been bullish on Tesla, stated that from the time when the Twitter acquisition was first proposed in April until today, there have been significant changes in the market environment, with leverage loans and high yield markets declining over the past few months, "It's going to be an ugly pricing."
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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