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Musk may have to pay $1 billion if he terminates Twitter deal- filing -Breaking

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© Reuters. FILEPHOTO: Tesla CEO Elon Muss leaves Manhattan Federal Court following a hearing about his fraud settlement in New York City with the Securities and Exchange Commission. REUTERS/Brendan McDermid

(Reuters.) Elon Musk will be responsible for the payment Twitter Inc (NYSE:) A $1 billion fee will be paid by the billionaire to terminate his $44 Billion cash agreement to acquire the social media company. This was disclosed in a filing made Tuesday.

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