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Elon Musk Could Still Lose Twitter Deal If Higher Offer Is Made

Elon Musk Could Still Lose Twitter Deal If Higher Offer Is Made
Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken on April 15, 2022. Dado Ruvic/Reuters
Andrew Moran
&
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

Several new developments have been revealed after Twitter accepted Elon Musk’s $44 billion takeover proposal on April 25.

According to a Securities and Exchange Commission (SEC) filing that shows the deal agreement, Musk agreed to pay a $1 billion termination fee if he abandons the acquisition.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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