Published 3 years ago • loading... • Updated 3 years ago

Elon Musk says he’s terminating $44B Twitter buyout deal

Summary by Ground News

Twitter did not immediately respond to a message for comment. It is not entirely clear whether Twitter's board will accept the $1 billion breakup fee or if there will be a court battle over the deal. The possible unraveling of the deal is just the latest twist in a saga between the world's richest man and one of the most influential social media platforms.

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Jewish Press

Elon Musk Backs Out of $44B Deal to Buy Twitter

The current agreement includes a one billion dollar "reverse termination fee" that Musk may have to pay.

3 years ago

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WND

Twitter 'lawyers up to sue Musk' over broken buyout deal

(FOX NEWS) -- Twitter has retained the services of a heavyweight merger law firm to sue Tesla CEO Elon Musk for moving to drop his $44 billion takeover of the company, according to a report.The company has hired Wachtell, Lipton, Rosen & Katz LLP to represent it in a forthcoming suit, Bloomberg reported Sunday. Bloomberg cited sources who declined to be identified due to the private nature of the matter.A law firm representing the Tesla CEO sent…

3 years ago·Medford, United States

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The Citizen

Elon Musk pulls the plug on $44 billion deal to buy Twitter

Twitter board chair Bret Taylor vowed to sue Musk to hold him to the terms of the buyout deal.

3 years ago·South Africa

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India Today

From talking big on free speech on Twitter to cancelling $44 billion deal: Musk-Twitter saga in 10 points

Musk has cancelled the Twitter deal, but Twitter doesn’t want to let go of Musk so easily. The billionaire and the social media platform will battle it out in court.

3 years ago·India

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Merco Press

Musk backs down on Twitter buy-over deal

South African billionaire Elon Musk finally decided not to move forward with his plans to buy over Twitter and withdraw the US$ 44 billion he had once offered.

3 years ago·Caracas, Venezuela, Bolivarian Republic of

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