has agreed toa> pay a $1 billion 'breakup' fee if he pulls the plug on the $44 billion take-over deal — and the tech giant agrees to pay the same amount if they opt for a better offer, according to a securities filing.
Musk on Monday sealed a deal to buy Twitter for $44 billion just three weeks after starting the process and later said he hopes to turn the platform into a haven of free speech where even his worst critics can have their say.
According to Tuesday's securities filing, if the deal between Musk and Twitter falls apart, either side may have to pay a $1 billion fee.
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