Elon Musk Says He’s Terminating $44B Twitter Buyout Deal

Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter’s board Friday saying he is terminating the acquisition.

Twitter did not immediately respond to a message for comment. It is not entirely clear whether Twitter’s board will accept the $1 billion breakup fee or if there will be a court battle over the deal.

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Read the article here: https://www.snopes.com/ap/2022/07/08/elon-musk-says-hes-terminating-44b-twitter-buyout-deal/