BREAKING: Elon Musk wants to terminate the $44B Twitter takeover
Twitter's secrecy on fake and spam account numbers on the platform is the main reason for tech mogul's decision, a Friday letter revealed. In an unexpected turn of events, Tesla CEO Elon Musk announced his intention to end the $44 billion Twitter 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....
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Tesla and Spacex CEO Elon Musk believes that Twitter is in material breach of the merger agreement with him, so he has the right to terminate the deal. The social media giant has refused to provide critical information relating to spam and fake accounts on its platform, Musk’s legal team explained.
Elon Musk Could Terminate His $44 Billion Twitter Buyout Offer
In a letter sent to Twitter Inc. Monday, which was also filed with the U.S. Securities and Exchange Commission (SEC), Elon Musk’s legal team wrote:
Twitter has … refused to provide the information....
Now, Elon Musk wants to own Twitter. Yup. Musk has unleashed a takeover attempt for Twitter on Thursday, offering $43 billion, or $54.20 per share, in a filing with the US Securities and Exchange Commission – just weeks after becoming the social media giant’s largest individual shareholder. The guy has the wherewithal to do whatever […]
Dogecoin rose by as much as 17% on Thursday, as Tesla CEO Elon Musk moved closer to completing a takeover of Twitter. Musk has been a public supporter of the meme coin in recent years, with some suggesting that it could be added as a payment method on the social media platform. Cosmos also traded higher, climbing by 8% today. Dogecoin (DOGE) Dogecoin (DOGE) was once again in the green on Thursday, as the token rose by as much as 17% in today’s session. The surge in price comes as long-term supporter of the meme coin Elon Musk moved closer to completing his takeover of Twitter. In a....
Tesla CEO Elon Musk has outlined new reasons to terminate the $44 billion deal to buy Twitter in a new filing with the U.S. Securities and Exchange Commission (SEC). Citing a whistleblower report, Musk’s lawyer said the allegations, known to the social media giant but undisclosed to Musk, indicate “far-reaching misconduct at Twitter.” Elon Musk Presents More Reasons to Terminate Twitter Deal in New SEC Filing Tesla CEO Elon Musk has found more reasons to terminate his $44 billion offer to buy Twitter Inc. Musk’s lawyer filed a letter he sent to Twitter with the....
Crypto exchange Binance, in the latest development, has offered to team up with Elon Musk in order to make Twitter more crypto-friendly. Elon Musk has finally taken control of Twitter and has concluded the $44 billion acquisition. Twitter is now a private corporation and shareholders are set to receive $52.40 per share. The takeover was […]