I break betting odds news as it happens, so you’re never left behind when the market moves or a top offer lands.
- Elon Musk is now 10/1 to become Twitter CEO in 2022 after backing out of takeover deal
- Further Elon Musk specials around his next potential takeover offers
Elon Musk is now 10/1 to become Twitter CEO in 2022 after backing out of takeover deal
Elon Musk has been in the news in the last few days after he pulled out of his deal to sell Twitter on Friday.
Musk has claimed that the social network has failed to provide enough information on the amount of spam and fake accounts that are on the site.
Bookmakers have already moved on the price of Musk becoming Twitter CEO at some point this year, going from 1/2 back in May to 10/1 on Tuesday afternoon.
| Elon Musk to become Twitter CEO in 2022 | Odds | Probability |
|---|---|---|
| Yes | 10/1 | 9.1% |
| No | 1/25 | 96.2% |
According to the betting odds, there's now a 96% likelihood that Musk DOES NOT become Twitter CEO in the next 6 months.
Musk is the world's richest person with an estimated worth of over $219bn with his Tesla and SpaceX brands contributing massively towards that figure.
With over 100 million followers on the platform, Musk has seen his profile rise by over 20 million followers within the last two months and he is now the 6th most followed account on Twitter.
Further Elon Musk specials around his next potential takeover offers
Elon Musk will now always be linked with takeover deals for massive companies with the businessman seemingly having a big budget to spend now.
The $44bn that he was spending on Twitter could well be spent elsewhere, with companies such as Amazon featuring in betting odds.
It's as high as 25/1 that he takes over Amazon though, with the same odds given for Musk to go for another social media platform in Facebook.
The big stumbling block in any takeover for these companies though is that the majority have owners who care for the business directly.
