Monday, August 8

Elon Musk cancels his multi-million dollar purchase of Twitter

The businessman Elon Musk has communicated this Friday to the US stock market regulator that he is canceling the purchase of Twitter, which he announced last April for 44,000 million dollars, due to an alleged “gap” in the agreement by the technology company.

In a document sent by Musk’s lawyers to the Twitter legal department and published by the US Securities Market Commission (SEC), the billionaire alleges that the technology company made “false and misleading” statements when signing the agreement and that you have not provided the information you need.

The shares of the social network fell 6% at 5:41 p.m. local time (9:41 p.m. GMT), as soon as the cancellation of the purchase was known.