Twitter has filed a lawsuit against Elon Musk for failing to follow through with $44 billion acquisition.made public on Tuesday evening.of the agreement, stating concern that there are bot and spam accounts on the platform. As a result, Twitter hired Watchell, Lipton, Rosen & Katz LLP in preparation for the lawsuit, which was filed in the US state of Delaware.
"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 lawsuit reads.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Anushree covers how U.S. businesses and corporations are moving into crypto. She has written about business and tech for Bloomberg, Newsweek, Insider, and others.
Elon now asks 'do you accept dogecoin for paymen?' 🤣
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