Twitter takeover Archives

A regulatory filing was found to include an agreement to pay the fee if the deal should fall apart. Both Twitter and Elon Musk have each agreed that they will pay the other side $1 billion if they should become the reason that the social media platform deal should fall apart. This was a component of a regulatory filing for the $44 billion takeover deal of the company. The $1 billion termination fee is a common component of sizeable takeovers like the one proposed for the social media platform. This…