Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company.
Twitter filed its lawsuit in the Delaware Court of Chancery, which frequently handles business disputes among the many corporations, including Twitter, that are incorporated there. Twitter’s suit repeatedly emphasizes Musk’s contemplation of starting a Twitter competitor -- an alternative option he sometimes aired publicly and sometimes privately to Twitter’s executives and board members. While the company has said it cooperated in providing the spam bot data he requested, the lawsuit suggests there was concern that disclosing too much “highly sensitive information” could expose Twitter to competitive harm if shared.
But his confidence didn’t last long. Tesla’s stock — Musk’s primary source of wealth — plummeted amid a broader stock market selloff in May, and Musk soon seemed less enthusiastic about owning Twitter.
They will settle for a 10% reduction in purchase price
Discovery maybe very uncomfortable for Twitter having to provide all the information they didn't want to provide to Musk.
Because they know nobody else wants it!
When Elon first said it the liberals freaked out and didn’t want this to happen, liberals swore they would never use this platform and cried about free speech, NOW when he wants to back out the liberals are going nuts saying he has to buy it, what a shit show with them liberals😂
You can’t force anyone to buy anything in a free country.
This will be interesting to see the bot info come out in disclosure.
If he buys Twitter, it will be at a much lower price. They didn’t give him all the information he asked for. This will go no where.
Can you spare a dollar for a cup of coffee
Intelligent but eccentric. Made a wrong fickle decision to buy twitter. Forcing him to buy twitter is morally wrong, if he leaves it , just leave him to his eccentricities.
Playing right into his hands. He's a very clever man.
😂
Poll: Did Elon buy mostly bots and burners?
His carts a little different.
Poll: Is Elon Musk a mess?
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.
Source: globeandmail - 🏆 5. / 92 Read more »