Wednesday, September 28, 2022
spot_img

Elon Musk Pulls Out Of $44bn Deal To Buy Twitter

- Advertisement -

Elon Musk has pulled out of a deal to take over Twitter for $44bn (£36.5bn).

In a statement provided to the US Securities and Exchange Commission, representatives for Mr Musk said Twitter breached terms of an agreement and “appears to have made false and misleading representations”.

They said Twitter had also failed to provide data and information requested by Mr Musk.

It is not entirely clear whether Twitter’s board will accept a $1bn (£830 million) break-up fee or if there will be a court battle over the deal.

Outbrain Advertisements

Photo Credit: Getty

Also Read:  "Davido Is A Legend!" - Cassper Nyovest Praises Davido For His Win At 2018 BET Awards
- Advertisement -

Related Articles

- Advertisement -

Stay Connected

13,000FansLike
21,100FollowersFollow
37,000SubscribersSubscribe
- Advertisement -

Latest Articles