Elon Musk says he’s terminating $44-billion Twitter buyout

Elon Musk announced Friday that he would abandon his tumultuous $44-billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla chief executive to uphold the deal.

The likely unraveling of the acquisition was just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms, and it may portend a titanic legal battle ahead.

Twitter could have pushed for a $1-billion breakup fee Musk agreed to pay under these circumstances. Instead, it looks ready to complete the purchase, which the company’s board has approved and Chief Executive Parag Agrawal has insisted he wants to consummate.

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출처: https://irvinejournal.com/Stock/5482