Elon Musk’s tumultuous $44 billion bid to purchase Twitter is on the snapping point — after the Tesla CEO despatched a letter to Twitter’s board saying he’s terminating the acquisition.
Twitter didn’t instantly reply to a message for remark. It’s not completely clear whether or not Twitter’s board will settle for the $1 billion breakup price or if there will probably be a courtroom battle over the deal.
The attainable unraveling of the deal is simply the most recent twist in a saga between the world’s richest man and some of the influential social media platforms. A lot of the drama has performed out on Twitter, with Musk — who has greater than 95 million followers — lamenting that the corporate was failing to reside as much as its potential as a platform without spending a dime speech.
