THE GUARDIAN: World’s richest man had reached a deal to purchase shares of the social media app for $54.20 apiece on 25 April
Elon Musk has withdrawn his $44bn bid to buy Twitter after a dramatic few weeks in the company’s corporate history.
“Mr Musk is terminating the merger agreement because 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, and is likely to suffer a Company Material Adverse Effect,” wrote lawyers for Musk to Twitter.
The Tesla CEO and richest man on earth had reached a deal to buy Twitter on 25 April, with Musk offering to purchase all of the company’s shares for $54.20 each.
The deal came after weeks of speculation over the company’s future following a 4 April revelation that Musk had become the social media platform’s largest single shareholder. » | Kari Paul in San Francisco | Friday, July 8, 2022
Elon Musk renonce au rachat de Twitter : Les avocats du milliardaire assurent que le réseau social n’a pas respecté ses engagements pris dans l’accord, en ne donnant pas toutes les informations demandées sur le nombre de faux comptes et de spams. »
Elon Musk lässt Vereinbarung zum Kauf von Twitter platzen: Der Tesla-Chef will die Onlineplattform jetzt offiziell nicht mehr kaufen. Aber ein Rückzieher wird wohl nicht so leicht, und Twitter will vor Gericht ziehen. »
Elon Musk Moves to End $44 Billion Deal to Buy Twitter: In a regulatory filing on Friday, Mr. Musk said Twitter was in “material breach” of the acquisition agreement. »
