Elon Musk Abandons Twitter Deal

The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.

Elon Musk has subpoenaed a Twitter Inc whistleblower, seeking documents and communications on the company's spam and alleged security vulnerabilities.

Elon Musk has an escape hatch in the form of the banks that agreed to finance his $44 billion (roughly Rs. 3,37,465 crore) Twitter takeover deal, but experts say that these financial institutions could face long legal odds. The Tesla CEO was sued by Twitter, which has asked the Delaware Court of Chancery to force him to complete the transaction. He...

Elon Musk has filed a confidential countersuit against Twitter over $44 billion (nearly Rs. 3.5 lakh crore) deal. The suit was filed after Delaware Court announced the dates for five-day trail scheduled for October in Musk vs Twitter legal battle. Musk, CEO of Tesla, abandoned the deal on July 8 citing incomplete information about bots as the reaso...

Twitter Inc has sued Elon Musk to force him to go through with the $44 billion acquisition of the social media company. What happens if Twitter succeeds and the world's richest man, who regularly taunts securities regulators, refuses to comply with the court order?

Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected.

A Delaware judge on Tuesday set an October trial for Elon Musk's dispute with Twitter over his $44 billion acquisition which the billionaire is trying to scuttle.

The US Securities and Exchange Commission (SEC) asked Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal, according to the June 2 letter made public on Thursday. Securities lawyers said they expected the SEC would scrutinise Musk's public statements on the deal to assess whether...

Investment bankers that stand to lose fees from Tesla CEO Elon Musk abandoning the $44 billion (roughly Rs. 3,52,400 crore) acquisition of Twitter, are looking to Musk’s privately held start-ups — SpaceX, Neuralink and The Boring Company — to make up for the lost business. The bankers also expressed interest in roles in any initial public off...

Elon Musk on Monday mocked Twitter Inc's threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts.

Twitter will sue Elon Musk to enforce the $44 billion deal to buy the company that the billionaire now wants to abandon, the chair of the social media giant's board said Friday.

The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.

Elon Musk has subpoenaed a Twitter Inc whistleblower, seeking documents and communications on the company's spam and alleged security vulnerabilities.

Elon Musk has an escape hatch in the form of the banks that agreed to finance his $44 billion (roughly Rs. 3,37,465 crore) Twitter takeover deal, but experts say that these financial institutions could face long legal odds. The Tesla CEO was sued by Twitter, which has asked the Delaware Court of Chancery to force him to complete the transaction. He...

Elon Musk has filed a confidential countersuit against Twitter over $44 billion (nearly Rs. 3.5 lakh crore) deal. The suit was filed after Delaware Court announced the dates for five-day trail scheduled for October in Musk vs Twitter legal battle. Musk, CEO of Tesla, abandoned the deal on July 8 citing incomplete information about bots as the reaso...

Twitter Inc has sued Elon Musk to force him to go through with the $44 billion acquisition of the social media company. What happens if Twitter succeeds and the world's richest man, who regularly taunts securities regulators, refuses to comply with the court order?

Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected.

A Delaware judge on Tuesday set an October trial for Elon Musk's dispute with Twitter over his $44 billion acquisition which the billionaire is trying to scuttle.

The US Securities and Exchange Commission (SEC) asked Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal, according to the June 2 letter made public on Thursday. Securities lawyers said they expected the SEC would scrutinise Musk's public statements on the deal to assess whether...

Investment bankers that stand to lose fees from Tesla CEO Elon Musk abandoning the $44 billion (roughly Rs. 3,52,400 crore) acquisition of Twitter, are looking to Musk’s privately held start-ups — SpaceX, Neuralink and The Boring Company — to make up for the lost business. The bankers also expressed interest in roles in any initial public off...

Elon Musk on Monday mocked Twitter Inc's threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts.

Twitter will sue Elon Musk to enforce the $44 billion deal to buy the company that the billionaire now wants to abandon, the chair of the social media giant's board said Friday.