Our answer is that Musk won't buy the social networking site.
On Friday afternoon, the current richest person in the world notified the SEC that he had terminated his painfully drawn-out effort to buy his favorite social media site, according to reports. The deal was already on hold.
It's possible that the owner of the two companies won't buy the rest of the company for a total of $44 billion, but he will still own a large portion. After taking on a 9 percent stake in the company, Musk said he wanted to take it private. If the deal had gone through, it would have been a private company, rather than a publicly traded one.
Musk had become a critic of the moderation policies of the service in recent months, and his announcement that he wanted to buy it came with promises that he would address the issues with the way the service presents its users' messages. He was going to allow Donald Trump to return to the platform.
According to the terms of his purchase, Musk can be charged a $1 billion fee if he pulls out of the deal. It's not known if that money will ever be successfully taken by the government.
If we hear back, the story will be updated.
The story is evolving.
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