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Musk abandons deal to buy Twitter; company says it will sue

13 Sept 17:21 Key points summarised by AI

Elon Musk announced he is abandoning his $44 billion offer to buy Twitter, citing the company's failure to provide sufficient information regarding the number of fake or spam accounts.
Twitter immediately stated its intent to sue Musk to enforce the merger agreement, rejecting the $1 billion breakup fee and setting the stage for a major legal battle.
Musk's lawyers also alleged Twitter breached the agreement by firing two top managers and laying off staff without consent, further complicating the dispute.
The news caused Twitter's shares to drop significantly, while Tesla's stock climbed, reflecting investor reactions to the deal's likely unraveling.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.