International
Twitter Shares Sink 11.3% After Musk Withdraws Takeover Bid
New York:
Twitter shares plunged Monday after Elon Musk announced the withdrawal of his $44 billion takeover bid, setting the stage for a potential legal brawl.
Shares in the social media giant ended down 11.3 percent at $32.65 in the first session after Musk revealed late Friday he was dropping the takeover plan.
Musk followed up on Sunday night with a pair of mocking tweets after the company said it would sue the billionaire entrepreneur to force the deal to go through.
