Twitter sues Musk to force him to complete $44B acquisition

– Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price.

As part of the April deal, Musk and Twitter had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal falling through. The company could have pushed Musk to pay the hefty fee but is going farther than that, trying to force him to complete the full $44 billion purchase approved by the company’s board.

The company has said for years in regulatory filings that it believes about 5% of the accounts on the platform are fake. Musk is also alleging that Twitter broke the acquisition agreement when it fired two top managers and laid off a third of its talent-acquisition team. 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.

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Twitter sues to force Musk to complete his $44B acquisition of the platformBREAKING: Twitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media company. If he didn’t actually want to buy them he shouldn’t have signed the papers saying he did It’s one thing to be the richest man on this planet now but beware of reckless behavior and utterances that might hurt your brand. Elon is smart no doubt but he needs to chill a little bit. Dear Twitter… Your arms are too short to box with God! xoxo… fondly, THE BIG E!😝
Herkunft: CBSNews - 🏆 87. / 68 Weiterlesen »

Twitter sues to force Elon Musk to complete his $44B acquisitionTwitter said Tuesday it has sued Elon Musk to force him to complete the $44-billion acquisition of the social media company. And now they get to produce exactly what they didn’t want to produce in the first place. Great strategy… 😂😂😂😂😂 Well, now they have to release the bot info in court. Lol
Herkunft: FOXLA - 🏆 445. / 53 Weiterlesen »

Twitter sues Musk to force him to make $44B acquisitionTwitter’s lawsuit opens with a sharply-worded accusation that “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his pers… This would be more entertaining if the billionaires would mud wrestle.
Herkunft: mercnews - 🏆 88. / 68 Weiterlesen »

Twitter sues Musk to force him to complete $44B acquisitionTwitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media company.
Herkunft: wsfa12news - 🏆 338. / 59 Weiterlesen »

Twitter sues Elon Musk to force him to complete $44B acquisitionIt's about to be a lengthy battle in the courtroom with Twitter announcing they are suing Elon Musk. The social media company wants to force him into completing the $44 billion buyout. Details Finger on the pulse of the community! 😂 After finding out that there are more bots than real people on Twitter, he should be able to get Twitter for a big discount.
Herkunft: kgun9 - 🏆 584. / 51 Weiterlesen »

Twitter sues to force Elon Musk to complete his $44B acquisitionThe chair of Twitter's board tweeted Tuesday that the board has filed a lawsuit in the Delaware Court of Chancery 'to hold Elon Musk accountable to his contractual obligations.' Hahaha. Elon musk has an infinite amount of resources to bury twitter in court. Short of twitter being able to prove they didn’t slack with providing him ALL the bot info he requested, they don’t stand a chance. Twitter is devalued and all those execs lost millions of $$$ 😂😂😂 Musk played them like a fiddle! Poll: Is Elon Musk a mess?
Herkunft: ABC7 - 🏆 67. / 68 Weiterlesen »