re: Why is twitter stock price falling?

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I think I read that the deal will close in June .

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Twitter management told employees 3-6 months. The deal can be terminated if it doesn't close by Oct 24.

It will require a shareholder vote and while it seems extremely likely that shareholders will approve the buyout, there is the remote possibility that they won't. Elon has 9% voting power himself so he'll only need 42% in his favor plus he could be buying between now and when the deal closes to lower his purchase price.

Elon's Tesla shares are also reportedly already highly leveraged, with 51% being used as collateral for previous loans. If the TSLA price crashed, he could get margin called and be forced to sell some to cover his debt, which would make him have to sell more than he planned to buy Twitter and could scare off banks accepting his shares for collateral for the Twitter loans. How likely that is, who knows, but it is another risk.