July 8, 2022 at 23:29 Elon Musk withdraws from Twitter purchase Elon Musk withdraws from buying Twitter, reports the news agency Reuters. There will be several significant breaches of points in the agreement. – Twitter seems to have come up with false and misleading representations that Musk trusted when he entered into the agreement, Musk’s lawyer, Mike Ringler, writes in a letter to Twitter. Musk, who is the world’s richest man, has previously expressed dissatisfaction with the amount of fake spam accounts and inactive accounts on the platform. He has previously threatened to withdraw completely from the acquisition. Musk and Twitter agreed on a merger in April. He then offered to buy Twitter for $ 44 billion. According to the acquisition agreement with Twitter, Musk risks having to pay a termination fee of 1 billion dollars, if the agreements are not completed, writes CBSNews. Twitter’s chairman, Bret Tylor, tweets that the company is now planning legal action to force Musk to complete the sale.
ttn-69