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Twitter, Musk Deal Includes $1 Billion Termination Agreement

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Musk-Twitter Deal: $1 Billion Breakup Fee, No Disparaging Tweets
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Twitter Inc. will be required to pay a termination fee of $1 billion under certain circumstances if it ends an agreement to be acquired by Elon Musk for $44 billion, according to a filing on Tuesday. Musk will also be subjected to the same fee if he ends the deal. 

The fee would have to be paid if Musk isn’t able to deliver the funding for the acquisition as promised, for example, or if Twitter were to accept a competing acquisition proposal or recommend shareholders vote against Musk’s offer, according to a filing with the U.S. Securities and Exchange Commission.