Newspro24x7
BUSINESS NEWS ALERT

Elon Musk announced the cancellation of Twitter deal, the company said – will go to court

Elon Musk, the world’s richest man, has finally canceled the deal to buy Twitter. On April 25, Elon Musk offered to buy this micro-blogging site for $ 54.20 billion, but the deal was settled for $ 44 billion.

Billionaire Tesla chief Elon Musk’s team has sent a letter to Twitter. The letter cited several breaches of the purchase agreement. After the cancellation of this deal, Twitter is now preparing to sue Elon Musk. Twitter’s shares fell up to 7 percent after Musk’s announcement.

So the deal canceled

According to the news of Reuters, the Tesla CEO has blamed Twitter for the cancellation of the deal. World’s richest man Elon Musk says Twitter failed to provide information about fake accounts. Along with this, there have also been serious allegations of breaking many conditions of the merger agreement.

Twitter company will go to court

At the same time, after the deal was canceled, Twitter said that it would go to court. Board Chairman Brett Taylor said in a tweet that the Twitter board is committed to closing the transaction on the price and terms agreed with Elon Musk. Legal action is being prepared to implement the merger agreement.

Elon Musk will pay a penalty of 1 billion dollars

It is being told that Elon Musk may have to pay a huge amount to cancel this deal. If the deal between Elon Musk and Twitter is canceled by either party, it has to pay a fine of one billion. In such a situation, if Elon Musk cancels this deal, then he will have to pay 1 billion dollars as penalty to Twitter.

The deal was done for 44 billion dollars
Let us tell you that Tesla CEO Elon Musk had offered to buy Twitter for $ 44 billion (about Rs 3,48,700 crore). After that there were many occasions when it was felt that she would stay on this deal or would be canceled. Musk shelved the deal, saying he would not pursue the deal until the social media company proved that its spambot accounts accounted for less than 5% of total users.

Related posts

UP 16 IPS officers transfer: Big reshuffle: Yogi government transferred 16 IPS officers in the state, many police commissioners and SSPs were also removed, see list

Team Newspro24x7

Raksha Mantri Shri Rajnath Singh to grace Armed Forces Flag Day CSR Conclave being organised by Department of Ex-Servicemen Welfare in New Delhi tomorrow

Team Newspro24x7

PM pays homage to Sri Guru Teg Bahadur Ji on his martyrdom day

Team Newspro24x7

Brainstorming on Green Energy and Agriculture and Technology at the 3rd Dehradun International Science and Technology Festival

Team Newspro24x7

Big blow to Congress amid Bharat Jodo Yatra, leader close to Kamal Nath joins BJP

Team Newspro24x7

21% candidates in first phase of Gujarat elections have criminal cases, AAP most tainted

Team Newspro24x7

Review meeting regarding disposal of complaints

Team Newspro24x7

Pankaj got Anoop Gairola Memorial Social Activism Award-2022

Team Newspro24x7

Akhilesh Yadav said- Women are not safe in UP, dead bodies are being found in suitcases

Team Newspro24x7

CM Dhami released the souvenir of Bhaktadarshan Post Graduate College, met the advocates

Team Newspro24x7

Don’t look at the crime through religious prism, here the father killed the daughter, then put pieces in a suitcase and threw it on the road

Team Newspro24x7

Shraddha Murder Case: Aftab has no regrets on the crime, kept smiling during the investigation; Narco test will be done today

Team Newspro24x7

Pune-Bengaluru highway accident: The brake of a container failed near Navale bridge in Pune. He collided with a vehicle. The oil loaded in it also started spreading on the roads after leaking. Due to this, several dozen vehicles started colliding with each other.

Team Newspro24x7

Do not look at the caste and religion of the criminal, ex-boyfriend killed his girlfriend, cut the dead body into six pieces, accused arrested

Team Newspro24x7

Former CM Harish Rawat will start Bharat Jodo Yatra from November 22 in Haridwar district, poster of the yatra also released

Team Newspro24x7

STF and cybercrime police arrested the vicious fraudster from Haryana by threatening to cut off the electricity connection

Team Newspro24x7

Journalists celebrated National Press Day with great pomp in Yamuna Ghati along with the district headquarters. read full news……..

Team Newspro24x7

Gujarat elections: ticket of sitting MLA cut and cricketer Ravindra Jadeja’s wife candidate, former CM out of race

Team Newspro24x7

Debt-ridden fruit seller ate poison with family, five died, a daughter battling for life and death

Team Newspro24x7

Assembly session: Chardham Yatra in summer and snowfall in winter hindered the session in Gairsain, the session started in Doon

Team Newspro24x7

Cyclone Sitarang wreaks havoc in Bangladesh, killing seven people, warning of heavy rain in these states of India

Team Newspro24x7

Dehradun: Senior officers will go to the districts for ‘Vidya Samvad’: Dr. Dhan Singh Rawat*

Team Newspro24x7

Cable bridge over Machhu river collapsed in Gujarat, more than 100 people fell in the river, more than 40 people died

Team Newspro24x7

Three-day break on Congress’s Bharat Jodi Yatra, due to which the journey was postponed

Team Newspro24x7

After strict instructions of CM regarding law and order in the state, DGP gave a three-day ultimatum

Team Newspro24x7

CM Dhami inaugurated employment fair in Champawat, met soldiers and officers

Team Newspro24x7

Snowfall in Uttarakhand, rain for the time being, chances of snowfall in high peaks on October 20, temperature will drop from tomorrow

Team Newspro24x7

Senior BJP leader and former UP cabinet minister Kedar Singh Fonia passed away, was running ill for a long time.

Team Newspro24x7

It is a commendable step to authorize CM on Women’s Reservation Bill: Mahendra Bhatt

Team Newspro24x7

Important decisions taken in cabinet meeting

Team Newspro24x7