Elon Musk cancels bid to buy Twitter, Company to sue him to complete the deal Musk secured a deal to purchase the company for $44 billion in late April Tesla CEO Elon Musk on Friday announced that he was canceling plans to purchase social media giant Twitter, citing the company’s failure to produce information on fake accounts while Twitter announced it would sue him to complete the deal. Musk sent a letter to Twitter’s board of directors on Friday announcing he would not …Source
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