World’s Richest Man Says He’s Terminating His $44 Billion Bid To Buy Twitter
The world’s richest man, Elon Musk, say he’s terminating his $44 billion bid to buy Twitter.
Tesla’s chief executive claims there’s been multiple breaches of the merger agreement and that the company failed to provide data and information that he’d requested.
Shares instantly fell by 6 percent.
Twitter’s chairman says the social-media site will take legal action.