Elon Musk could take a bite out of his $44 billion initial public offering for Twitter

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The $44 billion that Elon Musk put on the table a couple of weeks ago to buy Twitter could end up suffering a substantial cut. This is the opinion of the American investment research firm Hindenburg Research , which believes that the South African businessman could use the decline in the value of Twitter shares and its poor financial performance as an excuse to lower his initial offer of $44 billion for the social network.

According to Hindenburg Research, there is a malaysia phone number data more than significant chance that the Tesla CEO ends up paying less than $54.20 per share , as initially agreed with Twitter's board on April 25.

"We support Musk's efforts to take Twitter private and see a significant chance that the deal will ultimately close at a lower price ," Hindenburg Research said in a note published Monday.

Twitter shares have slightly depreciated in recent days
Hinderburg Research points out that the Nasdaq index where the big "techie" companies are listed has suffered a more than notable collapse since the richest person in the world became a shareholder of the blue bird social network on April 4. In this sense, and given that the value of Twitter shares could be infected by the bearish current that the Nasdaq index is currently a victim of and plummet by around 50%, Musk could force a reduction in the price of his initial offer.

Added to this is the fact that Twitter's latest quarterly results have been rather weak and that Musk could, if he so wished, pay a fine of 1 billion dollars to be released from the agreement reached with the social network with the blue bird.