Elon Musk Has Walked Out on Twitter … Or Has He?
Some think it’s all theater. Others that he is compelling a price reduction “by other means”Yesterday, Elon Musk announced that he was backing out of the deal to buy Twitter, which he was hoping to turn into more of a free speech platform: Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had breached multiple provisions of the merger agreement. Greg Roumeliotis, “Twitter vows legal fight after Musk pulls out of $44 billion deal” at Reuters (July 9, 2022) Twitter plans to fight: The 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 Read More ›