Elon Musk pulls out of $44 billion Twitter deal, social network plans to pursue legal action. Elon Musk, the CEO of Tesla, announced his intent to buy Twitter in April in a deal worth $44 billion. However, he postponed the acquisition based on tweet spam bot data.
Elon Musk pulls out of $44 billion Twitter deal, social network plans to pursue legal action
The billionaire had to pay a USD 1 billion breakup fee if he could not complete the merger. He will have to take strong measures and make solid arguments to avoid paying this fee. Twitter’s negotiations were a rollercoaster ride since the beginning, and we are still waiting for what will happen with legal action or if both parties reach a settlement.