Elon Musk’s $44 billion bid to buy Twitter is on the verge of collapse – after Tesla’s CEO sent a letter to Twitter’s board saying he was terminating the acquisition
The Twitter profile of Elon Musk is seen on a smartphone with the Twitter logo printed on it in this illustration. , photo credit: Reuters
Elon Musk’s $44 billion bid to buy Twitter is on the verge of collapse – after Tesla’s CEO sent a letter to Twitter’s board saying he was terminating the acquisition
Elon Musk’s $44 billion bid to buy Twitter is on the verge of collapse – after Tesla CEO sends letter to Twitter’s board is saying that he is terminating the acquisition.
Twitter did not immediately respond to a message for comment. It’s not entirely clear whether Twitter’s board will accept the $1 billion breakup fee or whether the deal will lead to a court battle.
The possible disclosure of the deal is the latest twist in the saga between the world’s richest man and one of the most influential social media platforms. Much of the drama has played out on Twitter with Musk – who has more than 95 million followers – lamenting that the company has failed to live up to its potential as a platform for free speech.
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