BREAKING: Elon Musk Ends $44bn Bid For Twitter Acquisition, Alleges Breaches

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World richest person, Elon Musk, is ending his $44bn (£36bn) bid to buy popular microblogging platform, Twitter, alleging multiple breaches of the merger

The announcement could bring to an end a long-running saga after Musk decided to buy Twitter in April.

He said he had backed out because Twitter failed to provide sufficient information on the number of spam and fake accounts.Musk faces a $1bn break-up fee and possible lawsuit by opting out of the deal. In May, he said the deal was “temporarily on hold” as he was awaiting data on the number of fake and spam accounts on Twitter.

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