Elon Musk had said last week that he was terminating the deal because Twitter violated the agreement.
Businessman Anand Mahindra has shared his view on the showdown between billionaire Elon Musk and Twitter Inc over $44 billion acquisition deal. Mr Musk had announced that he will buy the micro-blogging platform but the deal could not materialise. Twitter has now sued Mr Musk asking a court in the United States to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share. Mr Musk had terminated the deal accusing Twitter of violating agreement by failing to respond to requests for information regarding fake or spam accounts.
Reacting to the development, Mr Mahindra said in a tweet on Thursday that it was a waste of time, energy and money.
“What a waste of time, energy & money. Twitter is an indispensable source of news & connectedness. Can it be run like a quasi social enterprise-listed, for profit-but with a strong charter & managed by a board with directors who act responsibly like trustees?” the Mahindra Group Chairman asked.
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