Twitter shares sink after Musk rescinds buyout offer ...News

Russia Today - Economy
Twitter shares sink after Musk rescinds buyout offer
The social media company says it plans to sue the billionaire as the takeover deal falls apart Shares in social media giant Twitter plunged in premarket trading on Monday after Elon Musk terminated his $44 billion offer to buy the company. The firm’s stock was down nearly 7% to $34.40 per share, trading well below the $54.20-per-share offer Musk made in April. Twitter is on track to erase nearly $2 billion in market value from last week’s closing price. On Friday, Musk’s attorney notified Twitter’s board that the billionaire wanted to cancel the takeover. He alleged that Twitter had misrepresented user data, with

Hence then, the article about twitter shares sink after musk rescinds buyout offer was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Twitter shares sink after Musk rescinds buyout offer )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News