Twitter shares slump as Musk deal backtrack sets scene for legal battle

Twitter shares tumbled in pre-market trading after Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a disruptive legal battle.

Shares fell as much as 7.8 per cent to $33.93 in premarket trading on Monday, on track to erase $2.2 billion in market value, after Musk backed out of an agreement to buy the social-media giant and take it private. Shares in Tesla Inc., the electric car ...