Founder and CEO

Elon Musk Cancels $44 Billion Deal To Buy Twitter; Company Vows Legal Battle

Elon Musk, the founder and CEO of Tesla and the richest man in the world, announced on Friday that he was cancelling his $44 billion plan to acquire Twitter because the social media business had broken numerous merger agreement clauses. In response to this, Bret Taylor, the CEO of Twitter said that the company would take legal action. He tweeted, “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 merger agreement. We are confident we will prevail in the Delaware Court of Chancery | Click Here...