Twitter to sue Elon Musk after he pulls plug on $44bn takeover deal

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Twitter to sue Elon Musk after he pulls plug on $44bn takeover deal
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Elon Musk has pulled out of a deal to take over Twitter for $44bn

Twitter's chairman Bret Taylor tweeted that the company is"committed to closing the transaction on the price and terms agreed upon with Mr Musk and plans to pursue legal action to enforce the merger agreement".Open Privacy Options

Much of the drama has played out on Twitter, with Mr Musk - who has more than 95 million followers - lamenting that the company was failing to live up to its potential as a platform for free speech. Last month, Twitter gave Mr Musk access to its"firehose", which is its storage location of raw data on hundreds of millions of daily tweets.Elon Musk says he would reverse Donald Trump's Twitter ban if he took charge of social media company

He later revealed, in a regulatory filing, that he had become the company's largest shareholder after acquiring a 9% stake worth about $3bn.But six days later, Twitter's chief executive tweeted that Mr Musk would not be joining the board after all and his bid to buy the company came together quickly after that.

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