bizpacreview
Elon Musk’s critics are quick to seize on opportunities to pan the world’s richest man, and the recent news that Musk was backing out on his $44 Billion deal to buy Twitter was no exception.
Musk’s attorneys say Twitter failed to comply with its obligations in the merger agreement. Under the terms of the agreement, Musk reportedly agreed to pay $1 billion if he backs out, but Twitter’s board chair Bret Taylor has indicated that they are committed to the original deal and will sue to hold him to it.
Then again, it’s possible that the Telsa CEO is just angling for a better price. At the center of the dispute are “fake or spam” accounts on Twitter, which would have an impact on the overall value of the social media platform.
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