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Elon Musk terminates $44bn Twitter deal

5 views | Jul 09, 2022, 08:59:18 AM | Mirror Now
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Elon Musk, the CEO of Tesla and the world's richest person, said he was terminating his $44 billion deal to buy Twitter. Musk said that the social media company had breached multiple provisions of the merger agreement and for which he is terminating the deal. Twitter, on the other hand, has planned to pursue legal action to enforce the merger agreement. "The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk...," wrote Twitter's chairman Bret Taylor.

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