Elon Musk and Twitter Discussed Price Cut to $44 Billion Takeover in Recent Weeks
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Representatives of Elon Musk and Twitter held unsuccessful talks about a possible price cut to his $44 billion deal to buy the social-media platform before he reversed course Monday and said he would return to the original agreement’s terms, according to people familiar with the matter.
The informal discussions happened in a series of conference calls in recent weeks between lawyers and ended after the two sides failed to agree on terms of a potential deal, the people said.
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