Elon Musk terminates agreement to buy Twitter Elon MuskTesla Founder Elon Musk has revealed that he\u2019s terminating his agreement to purchase Twitter, just hours after a report surfaced stating the deal was in \u201cserious jeopardy.\u201d In a report from Reuters, it has been revealed that Elon Musk\u2019s Twitter deal has officially been terminated. Original story below\u2026 In April 2022, Elon Musk landed a monumental deal to purchase Twitter outright for a whopping $44 billion. The transaction caused an uproar on the social media platform, where \u201cLeave Twitter\u201d trended for an entire day after the announcement. Although this was approved by Twitter\u2019s board of directors, a new report speculates the deal will not go down as originally planned. Elon Musk Twitter deal in \u201cjeopardy\u201d On July 7, The Washington Post reported that the PayPal founder may not end up obtaining the social media giant after all. The deal has had growing speculation around it since Elon Musk and his team requested data about spam accounts on the website. \u201cMusk\u2019s camp concluded that Twitter\u2019s figures on spam accounts are not verifiable,\u201d WaPo said. \u201cMusk\u2019s team\u2019s doubts about the spam figures signal they believe they do not have enough information to evaluate Twitter\u2019s prospects as a business,\u201d the report suggested. Elon and his team\u2019s increasing doubt about the spam accounts have led them to \u201cstop engaging in certain discussions around funding for the $44 billion deal.\u201d Since the billionaire offered to acquire the company at $54.20 a share, the stock prices have dropped drastically \u2013 all the way down to below $37. The newly released details suggest that this is another major reason Musk could try to pull back from the deal, a situation that would be a complicated legal matter if Musk attempts to pull the plug entirely.<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk terminates agreement to buy Twitter Elon MuskTesla Founder Elon Musk has revealed that he\u2019s terminating his agreement to purchase Twitter, just hours after a report surfaced stating the deal was in \u201cserious jeopardy.\u201d In a report from Reuters, it has been revealed that Elon Musk\u2019s Twitter deal has officially been terminated. Original story […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48069","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=48069"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48069\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=48069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=48069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=48069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}