Elon Musk tries to bail on Twitter purchase

Tesla and SpaceX owner Elon Musk no longer wants to buy Twitter, the social media platform that for over a decade has been a major forum for gaming discourse, memes, and apologies written in white text over a black background.

Musk is supposed to pay $54.20 per share for Twitter, which comes to $43.4 billion, but Twitter’s share price has dropped to $36.81 since the deal was signed in April. That is one fact that Musk hopes will help get him out of it. A letter (opens in new tab) sent by Musk’s lawyers to Twitter’s lawyers poses that Twitter’s “recent financial performance and revised outlook” might be a valid reason to cancel the purchase.

source: gamezpot.com