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Twitter shares fall after Elon Musk pursues Nix deal

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Elon Muskattempt to cancel the purchase transaction Twitter Inc. sent shares of the social media company tumbling in premarket trading as investors brace for what’s expected a dirty courtroom battle.

Shares of Twitter fell 6.5% in recent premarket trading on Monday to $34.41, marking the stock’s biggest drop in nearly two months. The move comes after Mr. Musk told securities regulators on Friday that he was seeking to abandon the $44 billion deal to buy Twitter and take it private, saying the company had not provided him with the information he needed to assess the spread fake or spam accounts. .

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