{"id":6259,"date":"2022-07-08T22:37:32","date_gmt":"2022-07-08T20:37:32","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/07\/08\/elon-musk-withdraws-44bn-bid-to-buy-twitter-after-weeks-of-high-drama\/"},"modified":"2022-07-08T22:37:32","modified_gmt":"2022-07-08T20:37:32","slug":"elon-musk-withdraws-44bn-bid-to-buy-twitter-after-weeks-of-high-drama","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/07\/08\/elon-musk-withdraws-44bn-bid-to-buy-twitter-after-weeks-of-high-drama\/","title":{"rendered":"Elon Musk withdraws $44bn bid to buy Twitter after weeks of high drama"},"content":{"rendered":"<p>World\u2019s richest man had reached a deal to purchase shares of the social media app for $54.20 apiece on 25 April<\/p>\n<p>Elon Musk has withdrawn his <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/apr\/25\/twitter-elon-musk-buy-takeover-deal-tesla\">$44bn bid<\/a> to buy Twitter after a dramatic few weeks in the company\u2019s corporate history.<\/p>\n<p>\u201cMr Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement, appears to have made false and misleading representations upon which Mr Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect,\u201d <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000110465922078413\/tm2220599d1_ex99-p.htm\">wrote<\/a> lawyers for Musk to Twitter.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jul\/08\/elon-musk-buy-twitter-withdraw\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/991826b2c4a7c77a372dcb9760dd51e9f17682a1\/0_249_4772_2866\/master\/4772.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=9f6289486be6087cb6067bb1c90ec701\" title=\"Elon Musk withdraws $44bn bid to buy Twitter after weeks of high drama\" \/>World\u2019s richest man had reached a deal to purchase shares of the social media app for $54.20 apiece on 25 April<br \/>\nElon Musk has withdrawn his $44bn bid to buy Twitter after a dramatic few weeks in the company\u2019s corporate history.<br \/>\n\u201cMr Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement, appears to have made false and misleading representations upon which Mr Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect,\u201d wrote lawyers for Musk to Twitter. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World\u2019s richest man had reached a deal to purchase shares of the social media app for $54.20 apiece on 25 April Elon Musk has withdrawn his $44bn bid to buy Twitter after a dramatic few weeks in the company\u2019s corporate history. \u201cMr Musk is terminating the merger agreement because Twitter is in material breach of &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/07\/08\/elon-musk-withdraws-44bn-bid-to-buy-twitter-after-weeks-of-high-drama\/\"> <span class=\"screen-reader-text\">Elon Musk withdraws $44bn bid to buy Twitter after weeks of high drama<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":6260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6259"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6259"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6260"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}