Company Of The Day: Twitter
Elon Musk has lined up a group of investors who are committing about $7 billion to back his bid to buy Twitter (NYSE:TWTR). The funds will reduce the amount Mr. Musk will need to put up personally, and possibly help to speed up the deal.
Twitter stock jumped almost 3% in Thursday’s trading to about $50 per share, approaching Mr. Musk’s $54.20 a share offer price. The broader Nasdaq-100 was down 5% on Thursday.
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|S&P 500 Return||0%||-13%||85%|
|Trefis Multi-Strategy Portfolio||0%||-17%||227%|
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