Musk has currently put the deal with Twitter on hold. Musk said this while speaking at a conference held in Miami.
Along with this, he is going to renegotiate the $44 billion deal. Musk has also hinted that there is a possibility of a deal at a lower price.
Many people find it strange to hear that they will reduce the price now that the amount has already been discussed.
SpaceX had agreed to pay a 38 percent premium to Twitter when it approached the board in April, but now Musk has said he will try to negotiate a deal for less than $44 billion.
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