, Twitter accused Musk of breaching the purchase agreement while causing its share price to tank.
Since Musk agreed to buy the company for $54.20 a share in April, Twitter’s share price has sunk to $34.06. In response to Musk’s accusations that it has not turned over spam account information, Twitter says it hosted multiple information sessions with Musk’s team and discussed Twitter’s processes for calculating its user count and its estimates of spam or false accounts.
“The scope of the requests and the deadlines defendants imposed on their satisfaction were unreasonable, disruptive to the business, and far outside the bounds” of the merger agreement,” Twitter said — even as it continued to work with Musk to try to respond to the requests.
Shotgun wedding?
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Twitter sues to force Elon Musk to complete his $44B acquisitionTwitter said Tuesday it has sued Elon Musk to force him to complete the $44-billion acquisition of the social media company. And now they get to produce exactly what they didn’t want to produce in the first place. Great strategy… 😂😂😂😂😂 Well, now they have to release the bot info in court. Lol
La source: FOXLA - 🏆 445. / 53 Lire la suite »
Twitter sues Elon Musk over $44 billion acquisition disputeTwitter has filed a lawsuit against Elon Musk for failing to follow through with the billionaire entrepreneur's proposed $44 billion acquisition. 🤣 🫣 Elon now asks 'do you accept dogecoin for paymen?' 🤣
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »
Twitter sues Elon Musk to enforce original merger agreementTwitter filed suit against Elon Musk Tuesday after the billionaire said he was terminating his $44 billion deal to buy the company. First they hated him for placing an offer and now they are suing him to keep it. Let the games begin twtr elon ElonMusk ElonMuskBuyTwitter Elon must counter sue for deception.
La source: CNBC - 🏆 12. / 72 Lire la suite »