Friday, August 19

Tag: Twitter Acquisition Cancelled

$44 Billion Twitter Acquisition Soup comes to Boil as Musk Reneges
Business, United States

$44 Billion Twitter Acquisition Soup comes to Boil as Musk Reneges

According to the latest developments in the Twitter (NYSE: TWTR) acquisition by Elon Musk, legal experts cite a potential legal case against Elon Musk from Twitter in the offing. Elon Musk, who initiated the acquisition earlier this year, seems to be terminating the $44 Billion Twitter acquisition deal. The predicted legal battle also comes with a twist of renegotiation or settlement, should Elon Musk be willing. As per Delaware courts, where the legal battle is to be litigated, have it clear in favor of acquirers wanting to abandon their deals. This is where renegotiation is anticipated over a legal battle against Elon Musk that will drag over months. This renegotiation is a better opportunity, albeit at a lower price rather than all the harrowing court experiences lasting over mon...
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