Officially, Elon Musk tries to pull out of the Twitter purchase

Officially, Elon Musk tries to pull out of the Twitter purchase

Elon Musk is trying to pull out his $44 billion deal to buy Twitter. He claims Twitter made “false and misleading” statements during negotiations. Twitter still hopes to close the deal and will pursue legal action to enforce the agreement. The company says it’s confident it will prevail in court. Elon Musk’s purchase of a 9 percent stake in Twitter was contingent on Twitter shareholders agreeing to his demands for a seat on the company’s board.

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