Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter’s board saying he is terminating the acquisition.
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Twitter did not immediately respond to a message for comment. It is not entirely clear whether Twitter’s board will accept the $1 billion breakup fee or if there will be a court battle over the deal.
The possible unraveling 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 drama has played out on Twitter, with Musk — who has more than 95 million followers — lamenting that the company was failing to live up to its potential as a platform for free speech.
I predicted this when he first said he wants to buy Twitter
I said, watch him use this opportunity to shake up these progressive freedoms of speech stealing losers and then back out
He played then like a fiddle, got free publicity and influence he probably never really intended to follow through, lets see if ha pays the 1 Billion breakup fee