The Twitter deal, which began with mutual trust rather than mutual suspicion, is taking several turns. Elon Musk announced that there were a lot of spam / fake accounts on Twitter and that it would not step in the deal until it was resolved.
Mental is right there
Elon Musk announced that it would take over Twitter for $ 44.20 per share, paying a total of $ 44 billion. Despite the opposition from the Twitter board, the shareholders were in favor of the deal. An agreement was reached between the two parties. In a few days, Twitter will go into the hands of Elon Musk, and a feud will erupt between the two factions over fake accounts.
Conditions apply
In the deal for the Twitter takeover … anyone who backs out of the deal will have to pay $ 1 billion in compensation. Now that Elon Musk is changing his mind about the deal, the Twitter board is reportedly asking them to apply the terms of the deal. That means asking Elon musk to pay $ 1 billion in damages.
That's the only way
According to the deal, Elon Musk is the only way to avoid this huge compensation. He has to prove that he has 20 per cent fake accounts on Twitter as he alleges through a verified source. In doing so Musk does not have to pay any compensation. It remains to be seen whether the Twitter deal will take any more turns in the coming days.
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