Deal Terms
Twitter Financials
Timeline & Events
LBO / Financing
Risks & Legal
100

what is Elon Musk’s offer price per share?

What is $54.20?

100

What was the Twitter revenue in 2021?

What is ~$5 billion?

100

What was the Month and Year Musk made his offer? 

What is April 2022?

100

What was the total planned debt in the deal? 

What is ~$25 billion?

100

What was the % of bots Twitter claimed?

What is <5%?

200

What is the total implied equity value of the deal?

What is ~$43.4 billion? 

200

What were Twitter's monthly active users in 2021?

 What is ~396 million?

200

What was the Date Twitter accepted the offer? 

What is April 25, 2022?

200

What was the size of Musk’s margin loan?

What is $12.5 billion?


200

What was the % of bots Musk estimated?

What is ~20%?

300

What is the acquisition premium over pre-offer price? 

What is 38%?

300

What was the EBITDA margin (3-year average approx)?

What is ~21%?

300

What is the Date Musk paused the deal? 

What is May 13, 2022?

300

What was the Equity contribution total? 

What is ~$21 billion?

300

What clause did Musk used to exit?

What is MAE/MAC clause? 

400

What is the total implied transaction value after cash/debt? 

What is ~$41.3 billion?

400

What was the revenue per daily active user (approx)?

What is $5 per user?

400

What is the date Musk terminated the deal?

What is July 8, 2022?


400

What was the interest rate assumption in projections?

What is ~7%?

400

Where was the court where lawsuit was filed?

What is Delaware Court of Chancery?

500

What is the reverse breakup fee Musk would pay?

What is $1 billion?

500

What was the peak enterprise value in 2021?

What is ~$60 billion?

500

What was Musk’s initial ownership stake before bid?

What is 9.1%?

500

What was the required return (IRR target) for investors?

What is 20–25%? 

500

What was the % drop that could trigger margin call?

What is ~40% drop in Tesla stock?