Twitter Wants More Than a $1 Billion Breakup Fee
But for now Musk doesn’t want to pay the $1 billion, and Twitter wants more than that.
In a letter to Twitter on July 8 announcing his exit from deal, Musk's lawyers claimed
Twitter had violated the merger agreement by failing to provide information regarding its spam accounts per Musk's request.
It will be up to a judge to decide whether Musk's asks were "reasonable" as spelled out in the agreement.
If not, he could be ordered to pay the $1 billion breakup fee.
But Twitter wants the full $44 billion.
Twitter stock is down 20 percent since the beginning of the year.
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