Elon Musk threatens to abandon Twitter takeover
NEW YORK, US:
- Elon Musk has threatened to cancel his $44 billion (£35 billion) bid for Twitter
if the social media platform refuses to hand him information on how many false accounts it has.
The Tesla billionaire claimed that the corporation is "actively fighting and
As markets opened in New York
undermining his information rights" and that he has the right to terminate the agreement.
Twitter shares plummeted as much as 5% as the news cast additional doubt on Mr Musk's commitment to closing the purchase.
Investors appeared increasingly optimistic in the takeover's
completion in recent weeks, but shares slid to $37.85
significantly below Mr Musk's $54.20 bid price.
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