NEW YORK - Shares of Twitter slid more than 6% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid f
The loss sets the pace for Twitter s biggest drop in months, as trading begins again Monday and investors gear up for an inevitable legal battle between Musk and the social medial giant.
Elon Musk, 51, sent a letter to Twitter on Friday saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.
Looming Musk-Twitter Legal Battle Hammers Company Shares laosnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laosnews.net Daily Mail and Mail on Sunday newspapers.