<p>Short-seller Hindenburg Research warned on Monday that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the Silicon Valley billionaire walked away from the deal.</p>.<p>"Musk holds all the cards here," Hindenburg, which has a short position on Twitter, said in a report. "If Elon Musk's bid for Twitter disappeared tomorrow, Twitter's equity would fall by 50 per cent from current levels. Consequently, we see a significant risk that the deal gets repriced lower."</p>.<p>Shares of the social media platform were down as much as 4 per cent amid a broader market decline and touched $47.76, their lowest level since Musk made his $54.20 per share offer in April, calling it "best and final".</p>.<p><strong>Also read:<a href="https://www.deccanherald.com/international/elon-musks-tweet-on-japan-doomed-by-low-birthrate-hits-a-nerve-1107669.html" target="_blank"> Elon Musk's tweet on Japan doomed by low birthrate hits a nerve</a></strong></p>.<p>Twitter declined to comment. Tesla Inc was not immediately available for a comment from its Chief Executive Musk.</p>.<p>"We are supportive of Musk's efforts to take Twitter private and see a significant chance the deal will close at a lower price," Hindenburg said.</p>.<p>The short-seller said the deal has seen a number of developments, from financing to board approval, which could have weakened the company's position.</p>.<p>Hindenburg said Musk could walk away paying the $1 billion breakup fee and has leverage to renegotiate if he chooses to.</p>.<p>Last month, Twitter secured a $44-billion cash deal to sell itself to Musk and received over $7 billion in funding from high-profile investors, including Oracle's co-founder Larry Ellison and Sequoia Capital.</p>
<p>Short-seller Hindenburg Research warned on Monday that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the Silicon Valley billionaire walked away from the deal.</p>.<p>"Musk holds all the cards here," Hindenburg, which has a short position on Twitter, said in a report. "If Elon Musk's bid for Twitter disappeared tomorrow, Twitter's equity would fall by 50 per cent from current levels. Consequently, we see a significant risk that the deal gets repriced lower."</p>.<p>Shares of the social media platform were down as much as 4 per cent amid a broader market decline and touched $47.76, their lowest level since Musk made his $54.20 per share offer in April, calling it "best and final".</p>.<p><strong>Also read:<a href="https://www.deccanherald.com/international/elon-musks-tweet-on-japan-doomed-by-low-birthrate-hits-a-nerve-1107669.html" target="_blank"> Elon Musk's tweet on Japan doomed by low birthrate hits a nerve</a></strong></p>.<p>Twitter declined to comment. Tesla Inc was not immediately available for a comment from its Chief Executive Musk.</p>.<p>"We are supportive of Musk's efforts to take Twitter private and see a significant chance the deal will close at a lower price," Hindenburg said.</p>.<p>The short-seller said the deal has seen a number of developments, from financing to board approval, which could have weakened the company's position.</p>.<p>Hindenburg said Musk could walk away paying the $1 billion breakup fee and has leverage to renegotiate if he chooses to.</p>.<p>Last month, Twitter secured a $44-billion cash deal to sell itself to Musk and received over $7 billion in funding from high-profile investors, including Oracle's co-founder Larry Ellison and Sequoia Capital.</p>