Elon Musk backs out of Twitter acquisition

Billionaire Elon Musk announced on Friday evening that he had terminated the 44 billion dollar agreement for the takeover of the social network Twitter.

The owner of Tesla explained his renunciation of the acquisition of the network to the blue bird because of the “violation of several provisions”.

The CEO of Tesla sent a letter to the board of directors of Twitter to inform of his decision. The world’s richest man said Twitter was failing to live up to its potential as a platform for free speech.

The tumultuous affair that the whole world has followed is in danger of turning into a settling of scores with nearly 1 billion in breaking costs.


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