Twitter sues Elon Musk to hold him to $44 billion merger

WILMINGTON, Del. :Twitter Inc sued Elon Musk on Tuesday for violating the $44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share, according to a court filing.

On Friday, Musk said he was terminating the deal because Twitter violated the agreement by failing to respond to requests for information regarding fake or spam accounts on the platforms, which is fundamental to its business performance.The lawsuit accused Musk of"a long list" of violations of the merger agreement that"have cast a pall over Twitter and its business."

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter sues Elon Musk to hold him to US$44 billion mergerWILMINGTON, Delaware: Twitter sued Elon Musk on Tuesday (Jul 12) for violating the US$44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed US$54.20 per Twitter share, according to a court filing. 'Having mounted
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Twitter says it has not breached merger agreement with Elon Musk:Twitter Inc said on Monday it has breached none of the obligations under a merger agreement with Tesla Inc Chief Executive Officer Elon Musk.Musk said on Friday he would seek to end his $44 billion deal because the social media company had breached multiple provisions of the agreement.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »