BREAKING: Elon Musk Blows Up Twitter Deal
Billionaire entrepreneur Elon Musk has reportedly called a halt on his proposed deal to buy giant social media platform Twitter.
According to a letter sent by Musk’s attorneys on Friday — addressed to Twitter’s Chief Legal Officer Vijaya Gadde — he wanted to call of the deal because officials had not been able to give him the information he needed with regard to the percentage of fake “bot” accounts present on the platform.
“As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement),” the letter began.
This is a breaking news story; refresh the page for updates.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...