Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapsing — after Tesla CEO sends letter to Twitter’s board saying he’s ending the deal acquisition.
Twitter did not immediately respond to a message to comment on the decision. It’s not entirely clear whether Twitter’s board will agree to the $1 billion breach fee or if there will be a legal battle over the deal.
The eventual outcome of the deal is just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms. Much of the saga unfolded on Twitter, with Elon Musk – who has more than 95 million followers – lamenting that the company hasn’t lived up to its potential as a platform for freedom of speech. expression.