Elon musk twitter deal cancelled | Elon musk cancels twitter deal

Elon musk twitter deal cancelled | Elon musk cancels twitter deal


Elon musk twitter deal cancelled


Elon musk cancels twitter deal : Tesla owner Elon Musk has announced the cancellation of a deal to buy microblogging website Twitter for 44 billion.  Elon Musk made the announcement on Twitter, accusing him of hiding the exact numbers of his fake (bot) accounts and not providing the full details requested.  Twitter has said it will challenge Musk's decision in court.

Elon musk twitter deal cancelled


Musk on Friday alleged that the Twitter company had failed to give him enough information about the number of fake accounts, so he was withdrawing from his $44 billion deal.  Twitter responded to Musk's statement, saying the company would take legal action to enforce the agreement with the Tesla CEO.

Elon musk cancels twitter deal


According to experts, Elon Musk also has the option of canceling the contract by paying a break-up fee of 1 billion.  But Twitter's position is clear that the company is unprepared and wants to force Musk to legally complete the deal.  Twitter's board has approved a deal with Elon Musk.  The company's CEO Parag Agarwal has also said that he wants to complete the deal.

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