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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.

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