Elon Musk Terminates Deal To Purchase Twitter
It is now learned that Musk has decided to terminate the deal to buy out the popular microblogging platform for not complying with its contractual obligations as required. According to a letter sent by Skadden Arps attorney Mike Ringler on behalf of Musk to the U.S. Securities Exchange Commission (SEC) on Friday, it said that Twitter was “in material breach of multiple provisions” of the merger agreement. The letter states that “Mr....