Twitter sues Elon Musk for $44 billion - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Musk offered to buy Twitter at $54.20 per share – well above Twitter’s current share price of around $34.

Musk’s lawyers said that he was terminating the deal because Twitter violated the agreement by failing to account accurately for the number of spam accounts on the platform – something Twitter rejects.Managing director of investment company, Wedbush Securities, Dan Ives called the deal a soap opera from the start.

Twitter filing their lawsuit on a day SpaceX’s latest Starship booster test experienced an explosion at their Starbase facility in Texas and while Musk is engaged in a social media spat with former President Donald Trump; in short Elon Musk has a lot on his plate and is the centre of a lot of high-stakes back and forth on a variety of topics.

Voetsek

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Twitter Shares Sink, With Legal Battle Ahead as Elon Musk Walks AwayTwitter Inc. shares tumbled Monday after Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a disruptive legal battle. 54 but who's counting... I have always hated Bitcoin and thought it was a scam until a friend referred me to Mike_Rosehart , I made my first withdrawal of R100,000 in 2 weeks thanks to Mike_Rosehart I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff
Source: dailymaverick - 🏆 3. / 84 Read more »