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Elon Musk Terminates His $44 Billion Twitter Deal - Webmasters - Nairaland

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Elon Musk Terminates His $44 Billion Twitter Deal by wwwihy: 10:37pm On Jul 08, 2022
Elon Musk says he is terminating his $44 billion Twitter deal

Elon Musk clinched a deal for Twitter in April but then put it on hold until the company proved that spam bots accounted for less than 5% of its total users.

Twitter shares fell 6% in extended trading after he announced he would terminate the

deal


https://twitter.com/Reuters/status/1545518869460156416



Elon Musk pulls out of $44 billion Twitter deal

Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world's richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had failed to provide information about fake accounts.

Shares of Twitter were down 7% in extended trading. Musk had offered $54.20 per share in April.

Twitter's chairman, Bret Taylor, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger agreement.

"The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk...," he wrote.

In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance.

"Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement," the filing said.

The announcement is another twist in a will-he-won't-he saga after the world's richest person clinched a $44 billion deal for Twitter in April but then put the buyout on hold until the social media company proved that spam bots account for less than 5% of its total users.

The terms of the deal require Musk to pay a $1 billion break-up fee if he does not complete the transaction.

Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5% of users who see advertising on the social media service.

The decision is likely to result in a long protracted legal tussle between the billionaire and the 16-year-old San Francisco-based company.
https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2022-07-08/

1 Like 3 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by NwaNimo1(m): 10:39pm On Jul 08, 2022
Better....

[img]https://giffiles./216/216404.gif[/img]

Twitter is full of tweets shiiit and priccks!

50 Likes 7 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Golan007: 10:44pm On Jul 08, 2022
Say you no get money.

100 Likes 9 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by JBriel: 10:48pm On Jul 08, 2022
Ope o. Finally my prayer gets answered. Twitter remains as Twitter.

83 Likes 4 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by OgaTheTop2: 10:50pm On Jul 08, 2022
I knew it. He wan blow 44billa dollars on Twitter... Him liver no reach cheesy

180 Likes 12 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by GoooodHardDick: 10:53pm On Jul 08, 2022
Elon musk be using Twitter to catch cruise!

Let the real owner "Jack" takes over so he can ban people like Reno omokri out of Twitter

65 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by JASONjnr(m): 10:59pm On Jul 08, 2022
Elon is rich and can afford it ... But as a true business man a risk manager... You don't dip deep....


He's not seeing the potential of earning what he wants to invest .. Rather I think he wants to create something at a lesser amount and push it to everyone to use ...

40 Likes 4 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by ScamHunter: 11:02pm On Jul 08, 2022
GoooodHardDick:
Elon musk be using Twitter to catch cruise!

Let the real owner "Jack" takes over so he can ban people like Reno omokri out of ticket

Jack's been gone since last year. This is bad news for Reno. I see that petition working.

56 Likes 2 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Emilokoiyawon: 11:27pm On Jul 08, 2022
grin grin grin grin grin grin
Re: Elon Musk Terminates His $44 Billion Twitter Deal by Pagrammer: 11:27pm On Jul 08, 2022
44 Billy Dolls was an overkill for twitter in the first place. Musk was testing mic. He wanted to check something. The something clicked,then he cashed out. Hustle King. High levels,corporate yahoogrin

40 Likes 1 Share

Re: Elon Musk Terminates His $44 Billion Twitter Deal by seunaj: 11:27pm On Jul 08, 2022
I saw it coming

1 Like

Re: Elon Musk Terminates His $44 Billion Twitter Deal by jimetagambo: 11:28pm On Jul 08, 2022
He never wanted to buy it to begin with. The guy loves clout too much plus pump and dump.

He said he was buying for free speech, but he himself has shown repeatedly that he can't tolerate opposing views or opinions.

84 Likes 9 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Leun: 11:28pm On Jul 08, 2022
Clearly he got tired and stalled the sale before finally withdrawing.

2 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by MiaBeer(m): 11:28pm On Jul 08, 2022
shocked
Re: Elon Musk Terminates His $44 Billion Twitter Deal by datola: 11:28pm On Jul 08, 2022
After the initial gra gra.

1 Like 2 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Nobody: 11:28pm On Jul 08, 2022
His twitter move was an jmpulse move
Made no sense

36 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by vickthourh(m): 11:28pm On Jul 08, 2022
His choice
Re: Elon Musk Terminates His $44 Billion Twitter Deal by PoliteActivist: 11:28pm On Jul 08, 2022
Good!

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Clear instructions who to vote for
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Enemies of progress
https://youtube.com/shorts/sZBBMZZxXMw?feature=share
AY Live: Young Nigerians overwhelmingly choose Obi over Tinubu and Atiku.
#GenerationPO!!!


https://www.youtube.com/watch?v=d8_1s8H1ma4 I

3 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by maxiart2(m): 11:29pm On Jul 08, 2022
Okay na.
Re: Elon Musk Terminates His $44 Billion Twitter Deal by smile11s(m): 11:29pm On Jul 08, 2022
Thank God
Re: Elon Musk Terminates His $44 Billion Twitter Deal by cy4cent(f): 11:29pm On Jul 08, 2022
Attention seeker.

1 Like

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Pearl004: 11:29pm On Jul 08, 2022
Why?

Re: Elon Musk Terminates His $44 Billion Twitter Deal by valdes00(m): 11:29pm On Jul 08, 2022
Elo ni musk.
Baba don use us catch cruise
E jus price twitter market, comot face
This im action remind me of how my mama dey price fish or meat for market

17 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Rahkman: 11:29pm On Jul 08, 2022
This guy behaves like a nigerian,person get money dey behave like person wey no get money ...clout chaser

25 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Seniorwriter(m): 11:29pm On Jul 08, 2022
Good or Bad move be remains very wealthy..

In another news if you have a browsing gadget and access to internet and you are not earning even @least $5 daily via online with those viable assets then you are most unwise.
There are thousands of earning means available on the online space which has a community of over 1billion active users that are real and active and need one service or product or the other ......imagine having just a chunck of 100 of them converted to your clients or customers and you deliver with a pegged profit of $2 even if it's monthly that's $200 cash outs on a monthly and the good news is that you can grow your clientele/ customers exponentially.

Reach out to the Facebook ID on my nairaland profile if you are interested to earn via online howbeit no PMs please because you won't get a response. Be guided.

there are three basic ways to earn online which are;
# Via a Skill set(Orthodox /& Digital)
# Via a Product (Tangible or Virtual).
# Via an Investments ( Capital or Crypto).
So get productive via online.


@Seniorwriter
Re: Elon Musk Terminates His $44 Billion Twitter Deal by iCauseTrouble: 11:29pm On Jul 08, 2022
sad
Re: Elon Musk Terminates His $44 Billion Twitter Deal by officialwdhtv: 11:30pm On Jul 08, 2022
shocked
Re: Elon Musk Terminates His $44 Billion Twitter Deal by TalkTalkTwins(m): 11:30pm On Jul 08, 2022
Elon Musk sold some of his Tesla stocks and had to borrow some loans to make up the money

No one actually has such an amount in cash

5 Likes

Re: Elon Musk Terminates His $44 Billion Twitter Deal by noble71(m): 11:30pm On Jul 08, 2022
shocked Elon musk never had intentions of buying Tweeter, he just wanted to pump tweeter stocks and cashout. Same thing he did with Doge coin.

23 Likes 1 Share

Re: Elon Musk Terminates His $44 Billion Twitter Deal by Walehelt(m): 11:30pm On Jul 08, 2022
If you price my market, you must pay

22 Likes 3 Shares

Re: Elon Musk Terminates His $44 Billion Twitter Deal by SenatePresdo(m): 11:30pm On Jul 08, 2022
Elon musk!

Every sector he remembers shakes for good or for Bad.

This man alone shook the crypto world.

5 Likes

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