July 8 (Reuters) - Elon Musk has said he intends to
terminate his $44 billion deal to buy Twitter because
the social media company had breached multiple provisions of the
merger agreement.
    Twitter said it would pursue legal action to enforce the
deal.
    
    Below is a snapshot of the Twitter takeover saga. 
    
 Date      Development                             Twitter
                                                   share
                                                   reaction
 April 4   Elon Musk discloses over 9% stake in    Jumps as
           Twitter                                 much as
                                                   31%
 April 5   Twitter says Musk will join company's   Rises over
           board                                   9%
 April 10  Musk says he will not join Twitter      Falls 3.3%
           board                                   
 April 14  Musk offers $54.20/share, a 38%         Rises 6% 
           premium to Twitter's April 1 closing    
           price                                   
 April 15  Twitter adopts poison pill to protect   Gains 1.4%
           company from takeover                   in next
                                                   session;
                                                   trails
                                                   offer by
                                                   13%
 April 21  Musk lines up $46.5 billion in          Adds 2.6%,
           financing for the deal                  but still
                                                   trails
                                                   Musk's
                                                   offer by
                                                   11.5%
 April 25  Twitter board accepts Musk's offer      Climbs
                                                   ~7%;
                                                   trades
                                                   3.5% below
                                                   offer
                                                   price
 April 29  Musk sells Tesla shares worth over $8   Rises
           billion in a bid to finance takeover    2.3%;
                                                   trades
                                                   7.3% below
                                                   offer
                                                   price
 May 2     Musk seeks to get more external         Falls 0.8%
           investors                               in the
                                                   next
                                                   session;
                                                   trades
                                                   ~10% below
                                                   offer
                                                   price
 May 5     Musk discloses $7.14 billion funding;   Rises
           sources tell Reuters that Musk could    4.4%;
           temporarily lead Twitter after deal     trades
           closes                                  5.5% below
                                                   offer
                                                   price
 May 11    Twitter co-founder Jack Dorsey says he  Falls ~6%
           will not return as CEO if offered       in the
                                                   next
                                                   session;
                                                   trades 20%
                                                   below
                                                   offer
                                                   price
 May 13    Musk says Twitter deal on hold pending  Drops 11%
           review of spam and fake accounts.       before
           Later tweets that he remains committed  paring
           to the deal                             losses;
                                                   trades 26%
                                                   below
                                                   offer
                                                   price 
 May 25    Twitter investors vote against          Rises ~6%
           re-electing Elon Musk ally to board     in the
                                                   next
                                                   session;
           Musk pledges more equity to fund        trades 27%
           Twitter deal, scraps margin loan        below
                                                   offer
                                                   price
 May 26    Musk sued by Twitter investors for      Rises ~6%;
           stock 'manipulation' during takeover    trades 27%
           bid                                     below
                                                   offer
                                                   price
 May 27    SEC looking into Musk's Twitter stake   Rises 1%;
           purchase                                trades 26%
                                                   below
                                                   offer
                                                   price
 June 6    Musk threatens to walk away from the    Drops 4%;
           buyout deal if Twitter fails to         trades 29%
           provide data on spam and fake accounts  below
                                                   offer
                                                   price
 July 8    Musk said he is terminating the deal    Falls 7%
           because Twitter breached multiple       in
           provisions of the merger agreement.     extended
                                                   trading
     

 (Reporting by Yuvraj Malik, Akash Sriram and Chavi Mehta in
Bengaluru; Editing by Sweta Singh, Devika Syamnath and Sriraj
Kalluvila)