Elon Musk ‘Terminating’ Deal To Buy Twitter—Platform Plans Legal Action

JUST IN: Twitter plots legal response after Elon Musk says he's terminating takeover plan

Elon Musk informed Twitter Friday he is"terminating" his $44 billion deal to buy the platform, according to a Securities and Exchange Commission

Musk and Twitter both agreed in April that if a party chose to withdraw from the deal, that party would have to pay a fine of $1 billion.

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