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Elon Musk vs Twitter: what happens next? The Tesla billionaire ditched his US$44 billion deal, the social media platform sued … and there are 3 possible endings, according to experts | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

Elon Musk may be trying to walk away from his US$44 billion deal to buy Twitter, but the saga is far from over. First, backing out isn’t that simple: the terms of the deal require Musk to pay a US$1 billion termination fee, a fee Musk doesn’t think he should have to pay. Then, Twitter apparently still wants the deal to close. The company hired a major law firm to sue Musk, and the board has said in a statement that it was “committed to closing the transaction at the price and terms agreed upon”. The Twitter Board is committed…

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