Twitter sues to force Musk to complete his $65 billion acquisition

to force him to complete the $65 billion acquisition of the social media company.

“Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away,” the suit says.

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.

Twitter digging its own grave. Nice.

elonmusk TwitterGov twittersphere up in arms!It's not what ElonMusk could do for twitter but what made the deal sour;what position does shareholders have on graceperiod or priviso of privilege information Beforehand&Truth in the networth of Metaverse nftart Admin 🕊

CIA Twitter will die

Canada Canada Latest News, Canada Canada 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 'accountable' to acquisition agreementElon Musk wants out of Twitter but the social media giant is suing him to force him to complete their $64 billion deal. He has too many marbles, not in his head, and not a compassionate human so who cares. how about the 'woke' hold themselves accountable for all the problems they start around the world? or is that asking too much and going to be offensive to someone? Musk is about 3 moves ahead of the woke Twitter board.
Source: abcnews - 🏆 5. / 83 Read more »