After weeks of dilly-dallying, Tesla Inc. chief executive officer Elon Musk confirmed last Friday that he is terminating the deal to buy Twitter Inc.
Legal Battle in Cards
Close on the heels of Musk’s disclosure of his intentions, Bret Taylor, chairman of Twitter’s board, wrote on Twitter that the board is committed to closing the transaction on the price and terms agreed upon with Musk.He also warned of pursuing legal action to enforce the merger.
