Elon Musk has canceled his offer to buy Twitter: the social network will take legal action

  • Drafting
  • BBC News World

image source, Getty Images

Twitter will not belong to Elon Musk, for now.

The billionaire stated on Friday that Withdraw your purchase offer from the social network For $44 billion, citing a material breach of several terms of the agreement.

He faces a penalty for canceling a $1,000 million bid and a potential lawsuit for that decision.

Meanwhile, Twitter shares fell 7% after the announcement.

Leave a Comment