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Musk ditches Twitter deal, triggering defiant response

July 8, 2022

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San Francisco (AFP) – Elon Musk on Friday pulled the plug on his $44 billion deal to buy Twitter, accusing the social media giant of “misleading” statements about the number of fake accounts, a regulatory filing showed. Musk’s effort to terminate the deal that he inked in April sets the stage for an epic court battle over a billion-dollar breakup fee and more. “Mr. Musk hereby exercises (the) right to terminate the Merger Agreement and abandon the transaction,” his lawyers said in a letter to Twitter, a copy of which was filed with the Securities and Exchange Commission. Musk’s change of heart…

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Musk ditches Twitter deal, triggering defiant response

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