Elon Musk's Twitter page. (Image: Manovankohr | Dreamstime.com)
Elon Musk says he’s terminating $44B Twitter buyout deal
Jul 8, 2022 | 3:56 PM
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Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse after the Tesla CEO sent a letter to Twitter’s board saying he is terminating the acquisition.
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.
