Elon Musk terminates Twitter bid

Elon Musk terminates Twitter bid

Musk, who is the CEO of electric vehicle maker of Tesla, has previously stated he was threatening to walk away from the $44 billion deal to buy Twitter after raising concerns about the number of fake accounts on the platform.

Musk has stopped in funding discussions that would see him pay $54.20 per share to acquire Twitter.

He has now confirmed with a form to SEC to cancel the deal.