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Reuters

Explainer-Can Elon Musk renegotiate a lower price for his Twitter deal?

Twitter Inc shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied probability of the deal closing at the agreed price fell below 50% for the first time, when Twitter shares dropped below $46.75. News that Musk would lift a ban on former President Donald Trump’s Twitter account, while significant politically, did not move the stock.

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