While anything is possible, it is highly unlikely. Given his stated reason for buying Twitter in the first place, free speech, it isn’t likely that with his billions he is going to jump thru multiple hoops to save a couple of billion dollars. Given the approx. 670 million shares publically available it would take a 2-3 point lower price to cover the $1 billion breakup fee and another round of legal and investment bankering fees to reevaluate and execute a new offer. For a couple of billion, is he going to risk pissing off investors, the SEC and other regulators  if he really wants the company? If anything, one could make the case he really doesn’t want Twitter and just did this to expose the level of overstated users and the amount of censorship that takes place, and he would pay the breakup fee and walk away, selling his shares and moving on. He isn’t a hedge fund guy or raider type like Carl Ichan and others. I believe he really wants tp purge and fix Twitter, implement some of his ideas and turn around and go public again in 3 years like most private equity type transactions do. We will see but I think Hiddenburg and other short sellers are engaged in wishful thinking. The trade may be worth the risk because if the deal falls apart the drop would be steep, probably at least close the gap at 40, but if it was just a repricing of the offer I don’t think a couple of points are worth the risk.                                                                                      https://www.zerohedge.com/markets/twitter-dips-after-hindenburg-research-sees-risk-musks-deal-repricing-lower