Twitter threatens to sue after Musk pulls out of $44 billion deal

Twitter's chairman Bret Taylor took to the social media platform to announce that the board planned to pursue legal action.

The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery., Musk's lawyers said Twitter did not respond to multiple requests made by the entrepreneur demanding information crucial to the platform's development.

"For nearly two months, Mr. Musk has sought the data and information necessary to “make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform” ). This information is fundamental to Twitter’s business and financial performance and is necessary to consummate the transactions contemplated by the Merger Agreement because it is needed to ensure Twitter’s satisfaction of the conditions to closing, to facilitate Mr.

Will Musk's claims stand in court, or will Twitter have the upper hand? One thing is for sure. Once this ordeal reaches the courts, it is bound to get messy.

If Twitter actually sues then elonmusk gets discovery of Twitter's bot data.

杠上了

Business Business Latest News, Business Business Headlines

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

Elon Musk says he’s terminating $44 billion Twitter buyout dealElon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter’s board Friday saying he is terminating the acquisition. OK, it is more than past time to begin a grand jury investigation on securities fraud, investment adviser fraud, mail fraud, wire fraud, money laundering, false statements, perjury, false filings with the U.S. Securities and Exchange Commission if one has not already been started
Source: chicagotribune - 🏆 8. / 91 Read more »