Tesla CEO Elon Musk announced that he is ending the $44 billion deal to acquire Twitter Inc, citing material breach of several provisions of the deal.
Twitter's share price fell 6% following the news.
The announcement puts an end to the "mammoth" deal speculation after the world's richest man came to an agreement to buy Twitter last April but then suspended it until the social media giant proves that spam bots account for less than 5% of its total users.
Source: Cyprus Times
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