American Business Mugal, Elon Musk Prepares Against Twitter Deal As He Sales 6.9 Billion Worth Of Company Shares

In July, Musk said he planned to walk away from his bid to buy Twitter, accusing the company of withholding information about fake accounts. Twitter executives are now suing Musk for attempting to walk away from the deal.
 

The multi-billionaire is currently embroiled in a legal battle with Twitter after saying last month he would pull out of a deal to buy it.

Musk says he needs the money from the Tesla shares in case he is forced to buy Twitter for $44bn.

 

 

According to six filings with the US Securities and Exchange Commission, the latest transactions were carried out on 5, 8 and 9 August.

 

After news of the share sale was made public Musk responded to a tweet asking whether he had finished selling Tesla shares with "yes", adding that he needed the money in case he was forced to buy Twitter and was unable to secure some of the funding for the deal.