After weeks of dilly-dallying,Tesla, Inc.(NASDAQ:TSLA) chief executive officerElon Muskconfirmed late Friday that he is terminating the deal to buyTwitter, Inc.(NYSE:TWTR).
Legal Battle In Cards:Close on the heels of Musk's disclosure of his intentions,Bret Taylor,chairman of Twitter's board, tweeted that the board is committed to closing the transaction on the price and terms agreed upon with Musk.
He also warned of pursuing legal action to enforce the merger.
"We are confident we will prevail in the Delaware Court of Chancery," Taylor said.
WedbushanalystDaniel Ives said...
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