Tesla and SpaceX CEO Elon Musk has withdrawn his $44 billion offer to buy Twitter, according to multiple reports.
Musk offered to buy the social media platform in April, however his comments since have triggered ample “will he or won’t he” speculation about his looming purchase. And today, we finally know for sure: he won’t.
Musk today had his advisors send a letter to Twitter, alerting the firm that he will terminate the merger agreement that would have seen Musk buy out all remaining shares and fully own the platform, according to Bloomberg.
This story is developing and will be updated.
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Source: https://decrypt.co/104760/elon-musk-cancels-twitter-purchase-agreement-reports
