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BREAKING: Elon Musk wants to terminate the $44B Twitter takeover
2022.07.09 04:15
BREAKING: Elon Musk wants to terminate the $44B Twitter takeover
In an unexpected turn of events, Tesla (NASDAQ:TSLA) CEO Elon Musk announced his intention to end the $44 billion Twitter (NYSE:TWTR) deal via a letter sent to the board of the social media giant.
In short, the world’s richest man is not happy with the lack of information Twitter provided about spam and fake accounts. According to the letter, which is addressed to Twitter’s chief legal officer Vijaya Gadde, Musk is terminating the merger because Twitter “appears to have made false and misleading representations” which Musk used as a reference point for his decision.
