Twitter vows legal fight after Musk pulls out of $44 billion deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement.

and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement.

“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Musk…,” he wrote. “Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement,” the filing said.

 

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he's holding out for Eskom..

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