Elon Musk notifies Twitter he is terminating deal

Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company s chief legal officer Friday.

But Twitter s board chairman Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.

via www.cnbc.com

It always looked like a bad deal to me. But Twitter probably does have a case to get an injunction against Elon, but it depends on the details. This might be a good case for discussion in my upcoming M&A class.