Shares in Twitter have tumbled after Elon Musk abandoned his $44 billion deal for the social media giant
The steep share price fall is seen as a warning that Wall Street investors do not want to see a prolonged legal fight over the Twitter deal. To increase the likelihood of that scenario, Twitter has signalled it will sue Musk over the dropped deal to ensure the transaction is completed.
“Contrary to the assertions in your letter, Twitter has breached none of its obligations under the agreement, and Twitter has not suffered and is not likely to suffer a company material adverse effect. The purported termination is invalid for the independent reason that Mr.
All of which leaves market watchers undecided about how a protracted legal fight over Twitter may turn out, and what impact that will have on the company’s share price.
Norge Siste Nytt, Norge Overskrifter
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