$44bn Acquisition Pullout: Elon Musk Laughs Off Twitter’s Lawsuit Threat

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Elon Musk has broken his silence over his attempt to pull out on purchasing Twitter for $44 billion.

Twitter’s preparation to sue Musk was based on his move to terminate his $44 billion acquisition of the social media company.

In reaction, Twitter vowed to hold the billionaire to his original deal terms and price of $54.20 per share, in what could develop into a terrible legal fight that would dictate the future of the company. Earlier this year, Musk was cleared by a Delaware judge of any wrongdoing in that case. He was represented by the law firm Cravath, Swaine & Moore in the 2021 trial.

Twitter, which denies Musk’s claims, has an incentive to push the deal through or extract a larger break fee from Musk than the $1 billion already agreed.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 4. in CO

Colombia Últimas Noticias, Colombia Titulares