Tesla Chief Executive Officer
Elon Musk said on Friday he was terminating his $44 billion deal for Twitter.
Elon Musk Says
That the social media company had failed to provide information about fake accounts on the platform.
Shares of Twitter Fell 6%
In extended trading to $34.58. The stock had zoomed to $51.70 when Musk made his $54.20 offer to buy Twitter.
Musk’s Lawyers Said Twitter
Couldn't provide complete fake/spam account information on twitter, which is crucial to the company's business performance.
The Whole Case Goes Like
Musk is backing out on the deal saying that Twitter made fake representations on which Musk relied when entering the deal.
In Defense the Twitter Board Says
They're ready to close the deal, but plans to sue Elon for $1 Billion Dollars If he breaks the buyer agreement
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