Elon Musk’s deal to buy Twitter could be on the rocks. After his announcement last week that he’s pulling out of the agreement, the Tesla founder and Twitter could be set for a long battle in U.S. courts.
According to the latest speculation, Tesla CEO Elon Musk’s deal to take Twitter private may be hitting some roadblocks put up by the billionaire himself. However, the deal has legal provisions allowing Twitter’s board to force the deal through or collect a hefty sum from Musk.
Yesterday’s trading saw tech firms bringing Wall Street Indices upwards, and Twitter getting a boost from Elon Musk’s takeover deal. Near-term trends for the tech industry are still unclear.
Twitter stock has been on a rollercoaster in recent weeks as the social media platform’s executive board and Tesla CEO Elon Musk struggle for control. The microblogging pioneer’s future seems unclear at this point.
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