Mon. May 27th, 2024

Elon Musk Runs Away From $44 Billion Twitter Deal.

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Billionaire world richest man, Elon Musk said that he is ending his $44 billion deal to buy Twitter, according to a letter sent by his lawyer to Twitter’s chief legal officer on  Friday.

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The Twitter Board has, however, said it would challenge Musk’s decision in court and enforce the merger, according to Twitter’s chairman, Bret Taylor. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk.”

According to media reports, Elon Musk does not believe he is getting the fully detailed information he requested about all the fake accounts. This has been a tug-of-war from the very beginning, which means all Twitter executives have been doing everything in their power to demotivate Musk about going through with his buy.

Also Read : Binance Commits $500 Million To Buy Twitter With Elon Musk.

All the media outlets going after him with hit pieces doesn’t seem to be enough, but the Twitter fake accounts might just do the trick. If you want to see the world in the same optics as Elon Musk, first you have to look at how cost-effective a venture will be for him. Despite the sheer volume of spam accounts they delete on a daily basis, Musk still thought it wasn’t enough information to move forward with the purchase.

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