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Dipanjan Banchur

Musk Wants to End Deal With Twitter. What Does It Mean for the Stock?

TWTR Elon Musk Dipanjan BanchurSince Twitter Inc.

After months of speculation, Tesla, Inc. (TSLA) CEO Elon Musk has backed out of the $44 billion deal to buy Twitter, Inc. (TWTR). Musk had promised to buy TWTR for $54.20 per share.

Musk had been threatening to pull out of the deal lately as the social media giant failed to disclose the number of spam accounts on its platform.

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