Elon Musk Aims to Terminate $44 Billion Twitter Deal

Jul 09,2022
KingData News: Elon Musk has decided not to move forward with a $44 billion deal to acquire Twitter after a disagreement with the company about the number of spam and fake accounts. Musk claims that Twitter did not provide adequate information regarding the number of spam accounts on Twitter. "In short, Twitter has not provided information that Mr. Musk has requested for nearly two months notwithstanding his repeated, detailed clarifications intended to simplify Twitter’s identification, collection, and disclosure of the most relevant information sought in Mr. Musk’s original requests," reads the filing. Bret Taylor, chairman of Twitter's board of directors, said Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
This index provides an up-to-date account of Twitter acquisition proposed by Elon Musk.
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