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Salon
Salon
Politics
Kelly McClure

Elon Musk turns back on Twitter purchase

Elon Musk Bret Taylor Delaware Court of Chancery Twitter Inc.
Elon Musk Photo illustration by Salon/Getty Images

Elon Musk has been in talks with Twitter since April regarding his purchase of the social media platform but now, in a statement made on Friday, he's changed his tune.

According to CNN Business, Musk stated in an official letter filed to Twitter's lawyers that his decision to end the $44 billion deal is due to their signed agreement being "in material breach of multiple provisions." 

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