Musk announced the termination

Tesla CEO Elon Musk said on the 8th that he would terminate an agreement to acquire social platform Twitter for $ 44 billion.

Musk said in a letter written to Twitter's board that Twitter did not "comply with his contractual obligation" and seriously violated multiple terms in the acquisition agreement.

Twitter Chairman Brett Taylor said that Twitter's Director plans to take legal actions to implement trading agreements.

The industry believes that, in addition to doubts about platform spam and false accounts, Twitter's stock price has fallen sharply since April, which has also prompted Musk to finally withdraw from the transaction.At present, Twitter's market value is about $ 28.1 billion.

In April of this year, Musk announced that he had acquired Twitter for $ 44 billion.In May, he announced that the acquisition plan was "temporarily shelved" and asked Twitter to announce the detailed information about the number of spam and false accounts.

(Source: Xinhua News Agency client)

【Edit: Zhao Ke】

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