Twitter stock falls after Musk abandons takeover plan

According to several US media, Twitter has hired prominent New York law firm Wachtell, Lipton, Rosen & Katz in preparation for a court battle over the ditched Elon Musk purchase deal. PHOTO | COURTESY

What you need to know:

  • Social-media giant plans to pursue legal action to close deal
  • Shares in Musk’s Tesla fluctuate in premarket trading Monday