Elon Musk to Pay $1 Billion Termination Fee if Twitter Deal Falls Through

Elon Musk will have to pay Twitter a fee of $1 billion if the Tesla owner terminates his $44 billion (roughly Rs. 3,37,278 crore) cash deal for the social media company, Twitter said in a filing. The deal could be terminated if not closed by October 24, but may be extended for another six months to meet certain closing conditions such as antitrust and foreign investme...

from Gadgets 360 https://ift.tt/oUvD701