
Trump's SPAC surges after Elon Musk tries to get out of Twitter deal
CNN
Bad news for Twitter could turn out to be good news for former President Donald Trump.
Shares of Digital World Acquisition Corp., the special purpose acquisition company that has agreed to merge with Trump Media & Technology Group, surged 15% in premarket trading Monday morning after Elon Musk said he would back out of his deal to buy Twitter (TWTR).
The surge comes after Musk announced late Friday that he was pulling out of his agreement to buy Twitter, citing the lack of information about the percentage of Twitter accounts that are bots. Musk's lawyer said that placed Twitter "in material breach of multiple provisions" of the original agreement.
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