Elon Musk is ‘terminating’ the deal with Twitter

The deal between Elon Musk and social media giant Twitter is off — if Musk gets his way.

Inside a letter to Twitter’s legal department (opens in new tab) On Friday, Musk sought to terminate the merger agreement between him and his backers and Twitter, stating that “because Twitter materially violates several provisions of this Agreement, it appears to have made false and misleading representations on which Musk relied upon entering into the Agreement.” of Merger and is likely to experience a Material Adverse Effect on the Company (as that term is defined in the Merger Agreement).”

Leave a Reply

Your email address will not be published. Required fields are marked *