joshwolfe
Twitter shares have taken a tumble in value after Elon Musk pulls out of his £36 billion buyout deal. The social media giant took a tumble on the New York Stock Exchange after the Tesla founder and CEO withdrew his offer to purchase the microblogging site after months of stalling on the deal, which included a $1 billion break clause for the 50-year-old tech mogul. Twitter - who plan to take legal action against the SpaceX founder for his refusal to honour the purchase after he cast doubts about the number of bot accounts on the site - were trading for $34.40 in the early hours of Monday mornin...
BANG Showbiz English
Elon Musk is trying to withdraw his £36 billion bid to buy Twitter. The billionaire Tesla CEO backed out to the deal after he claimed that the social media giant did not offer up enough info on the number of spam accounts currently operational on the microblogging site. In response to 50-year-old tech mogul rescinding his offer - which comes with a $1 billion break clause - Twitter have outlined their intention to pursue legal action against him. Bret Taylor, Twitter’s chairman tweeted: "The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk....
BANG Showbiz English
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