Why Elon Musk could still be forced to pay billions for a company he doesn't even want

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The Tesla chief wants to terminate his $60 billion deal to buy Twitter, but a court could still order him to pay billions of dollars.

firing senior employeesMr Musk's lawyers wrote to Twitter's chief legal officer saying Mr Musk believed the company was "actively resisting and thwarting" his rights to access data and information.“Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr Musk’s data requests,” the letter read.

As Twitter executives prepared to move forward, the company launched a hiring freeze, halted spending and fired two top managers.LoadingIf Twitter does sue, the case could be fast-tracked to the Delaware Court of Chancery, a prime venue for US corporate battles.

 

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Lol , he's not paying a cent

Either way , he will end up on top. He will either get twitter and turn it into something or he will go off and make something...twitter mrk2 ( space version) ... himself.

I was under the impression musk is taking it to court to force twitter to make public it's number of bots, which everyone in this thread knows is a serious problem.

Journalism at its finest, cant wait for an ' Exclusive ' as to how Elon positions himself on the toilet while taking a dump.. Grubby indeed

The financial regulations do not allow cowboys to rampage through markets at will. Firstly the authorities must impose huge financial penalties on Musk and investors who foolishly bought Twitter shares following Musk need to organise class actions for punitive damages.

A bit of this going on in the replies

Musk is trapped. Literally nothing he can do. The contract is iron clad in favour of Twitter. The presiding judge was a clerk under Twitter's lawyer ( who himself use to be Chancellor of Delaware court). Musk clowned too hard. He f around and found out.

There's no way any court is going to enforce specific performance over this cluster fuck. This is nonsense. Musk and Twitter will spend $10M over the next 10 yrs litigating who writes who a $1B cheque (it's Musk).

Elon may want to buy ABC for $29

And force Twitter to reveal the number of bots in court! 😆 Game set match

Business advice from ABC 🤡🌏 Socialists. 🤣🤣🤣 GTFOH

ElonMusk Twitter MuskTwitter TwitterMusk

Worth every penny to watch ABC/Lefties own themselves 👍

Gunna report on Hunter Biden leaked images at all? Or nah just ignore…Smoking crack with prostitutes using daddy’s money? If it were Trump you would have run 100 stories by now…

big dog gonna find out the hard way that you can change your mind as many times as you like, before you place your order.

I recon he's looking for a deal ABC..😉👍

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