Elon Musk withdraws

With Elon Musk having withdrawn his USD 44 billion bid to acquire Twitter. In a recent filing with the Securities and Exchange Commission (SEC), Elon Musk's team has cited the material breach of multiple provisions of the agreement, and false and misleading representations by Twitter. In response, Twitter Chairman Bret Taylor has tweeted that the company and its board of directors are committed to closing the transaction with Elon Musk on the agreed price and terms. Elon Musk has withdrawn his USD 44 billion bid for Twitter. The team of Elon Musk, in a filing with the Securities and Exchange Commission, cites material breach of multiple provisions of the agreement, and false and misleading representations by Twitter. The team of Elon Musk says that the company failed to provide this specific information. E Elon Musk is obligated to pay USD 1 billion if he does not complete the acquisition of the company. Elon Musk's artificial intelligence startup xAI is set to launch its latest Grok-1.5 chatbot on his social media platform X next week, the billionaire announced on Friday. Read more in our articles including "Twitter to pursue legal action against Elon Musk's acquisition withdrawal" and "Elon Musk withdraws USD 44 billion Twitter deal".