Twitter takeover a 'risky bet' for Musk -analyst

STORY: Ives said the about face by Twitter's board was likely spurred by Musk's financing package to back the acquisition, which he unveiled last week, and the fact that no other bidder emerged.

"Once another bidder did not come, they were at the altar but no one came," said Ives. "That's why they ultimately called back Musk."

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