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Musk scraps Twitter acquisition

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Published: July 11th, 2022,
Last updated: July 13th, 2022

Tesla CEO Elon Musk has announced the end of his billion-dollar takeover attempt of Twitter. The short message service had breached several points of the takeover agreement, Musk said on Friday evening. Twitter shares fell 7.5 percent to $34.05 in after-hours trading following the announcement.

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