One week after making news for pulling out of his $44 billion plan to purchase Twitter, billionaire Elon Musk was seen having a good time partying in Greece.
At least according to Forbes, the richest person in the world was recently seen on camera socializing with friends on a speedboat in Mykonos, located in Greece.
Elon Musk Was Having A Party On A Yacht In Greece With His Friends
On 17 July, Elon Musk was seen having a good time with a group of pals on a luxurious boat that was anchored off the coast of Mykonos, which is located in Greece.
Musk appeared to be going for a laid-back vibe by wearing sunglasses, a green t-shirt, and navy shorts. It appears that none of his 10 children joined him on this trip, despite the fact that they had previously traveled together to Italy for a vacation there.
It would appear that Mr. Musk is having a wonderful time while away on vacation. It is a bit unexpected that he would choose to take his vacation at this time, knowing that Twitter still wants him to make good on his $44 billion dollar offer to purchase the social media business, despite the fact that he has been trying to back out of the deal.
In a tweet, he announced that the business transaction was “on hold,” citing his unhappiness with the data that were shown to him on the number of spam and bot accounts on the site.
The creator of SpaceX and his legal team sent a letter to the Securities and Exchange Commission (SEC) earlier this month, publicly saying that he intended to “terminate” the deal and making the argument that Twitter was in “breach” of their merger agreement.
Twitter Files A Lawsuit To Force Musk To Go Through With A Deal Worth $44 Billion
Musk provided three justifications for withdrawing from the transaction. The first reason he cited was that Twitter was not giving him the information that he wanted on bot and spam accounts.
After that, he went one step further and accused Twitter of lying to officials about the amount of bot and spam accounts that are on the network.
Musk argues that he was meant to be contacted when Twitter laid off key personnel in accordance with the acquisition deal, which is the third reason he gives for his actions. Musk asserts that Twitter did not seek his input before dismissing a handful of high-ranking staff a month ago.
If one of the parties to the merger agreement opted to back out of the transaction, the other party would be entitled to a “break-up fee” in the amount of one billion dollars.
On the other hand, Twitter is seeking the permission of a judge to compel Elon Musk to purchase Twitter and take over as the new owner of the website.
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