If the $44-billion deal to buy out Twitter falls apart, either side may have to pay the other $1 billion, securities filing shows
If the $44 billion deal between Elon Musk and Twitter falls apart, either side may have to pay the other $1 billion, according to a securities filing Tuesday.
The world’s richest man struck a deal Monday to buy the social media company for $54.20 a share. Musk, who also leads electric carmaker Tesla and rocket maker SpaceX, has said he plans to take Twitter private and that he wants to improve the product and promote free speech on the platform.
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