Elon Musk files to back out of Twitter deal
Business,Elon Musk,Twitter,Big Tech,Technology,Social Media,Banking And Finance,Internet,SEC
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Elon Musk is terminating his $44 billion deal to buy Twitter, according to a filing the billionaire made with the Securities and Exchange Commission Friday.
Musk’s lawyers sent a letter to Twitter saying he is “terminating their merger agreement,” according to the filing. In the letter, Musk argues he has a right to drop out of the deal because Twitter hasn’t given him enough information about the company’s business.
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