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Tesla CEO Elon Musk Terminate $44bn (£36bn) Twitter Deal

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4 years ago

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July 10, 2022

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Elon Musk has ended his $44bn (£36bn) bid to buy Twitter, claiming twitter refuse to comply with its agreement of the deal.

The announcement is the latest twist after the founder of Tesla decided to buy Twitter in April.

Mr Musk said he had backed out of the purchase because Twitter failed to provide enough information on the number of spam and fake accounts.

Twitter says it plans to pursue legal action to enforce the agreement.

The original merger agreement between the social media platform and the world’s richest person includes a $1bn (£830m) break-up fee.

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