Elon Musk has terminated his $44 billion offer to buy Twitter, alleging that 'Twitter is in material breach of multiple provisions' of the agreement. ElonMusk
Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’to Twitter Inc. Friday regarding Musk’s offer to buy the social media platform. The letter, filed with the U.S. Securities and Exchange Commission , states:
The lawyer explained that Twitter has not complied with its contractual obligations to provide necessary data to Musk. The letter acknowledges that Twitter has provided some information. However, “that information has come with strings attached, use limitations or other artificial formatting features, which has rendered some of the information minimally useful to Mr. Musk and his advisors,” it notes.Twitter of the material breach and warned that Musk could terminate the deal. “Any cure period afforded to Twitter under the merger agreement has now lapsed,” the lawyer noted.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk terminating $44 billion deal to buy Twitter; board says it will pursue legal actionMusk claimed in a regulatory filing Friday evening that he is ending the deal because Twitter is 'in material breach of multiple provisions' of the original agreement, which was signed in April.
Weiterlesen »
Elon Musk seeks to terminate $44 billion bid for TwitterElon Musk sent a letter to Twitter's board seeking to end their $44 billion deal, citing a lack of info on bot accounts.
Weiterlesen »
Elon Musk says he’s terminating $44 billion Twitter buyout dealElon 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.
Weiterlesen »
Elon Musk aims to terminate $44 billion Twitter dealMusk is citing a disagreement with Twitter over the number of fake accounts on the platform.
Weiterlesen »
Elon Musk terminating $44 billion deal to buy Twitter; board says it will pursue legal actionMusk claimed in a regulatory filing Friday evening that he is ending the deal because Twitter is 'in material breach of multiple provisions' of the original agreement, which was signed in April.
Weiterlesen »
Elon Musk terminating $44 billion deal to buy Twitter; board says it will pursue legal actionMusk claimed in a regulatory filing Friday evening that he is ending the deal because Twitter is 'in material breach of multiple provisions' of the original agreement, which was signed in April.
Weiterlesen »