Twitter has hired top law firm to charge legal action against Tesla and SpaceX CEO Elon Musk on his decision to terminate the $44 billion takeover deal. Musk decided to suspend the deal due to multiple breaches of the purchase agreement. The two parties are likely set for a protracted court battle, according to lawyers. Musk could also be faced with paying a $1 billion breakup fee for walking away.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Twitter shares sank in premarket trade after Elon Musk said he is trying to terminate his $44 billion takeovers of the company. Shares of the social media platform closed down 11%. Tesla, where Musk is CEO, fell about 6.5%. After the market closed and Musk’s letter was published, Twitter’s stock continued to decline while Tesla climbed higher.
Important takeaways for all competitive exams:
Air pollution in India has reached dangerous levels in 2024, especially in northern cities. Many…
Brazilian Federal Police Commissioner Valdecy Urquiza has been elected as the new Secretary General of…
The Dubai Sports Council has appointed four global sports icons as its Sports Ambassadors, including…
World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence…
Phobias are strong, irrational fears of specific objects, places, or situations that can make life…
World AMR Awareness Week (WAAW) is an annual global campaign observed from 18-24 November. Its…