Twitter sues Elon Musk to hold him to $44 billion merger - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Twitter Inc sued Elon Musk on Tuesday for violating the $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share, according to a court filing.

On Friday, Musk said he was terminating the deal because Twitter violated the agreement by failing to respond to requests for information regarding fake or spam accounts on the platforms, which is fundamental to its business performance.The lawsuit accused Musk of “a long list” of violations of the merger agreement that “have cast a pall over Twitter and its business.”

Musk said he was terminating the merger because of the lack of information about spam accounts and inaccurate representations that he said amounted to a “material adverse event.”

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Business Maverick: Twitter Shares Sink, With Legal Battle Ahead as Elon Musk Walks AwayTwitter Inc. shares tumbled Monday after Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a disruptive legal battle. 54 but who's counting... I have always hated Bitcoin and thought it was a scam until a friend referred me to Mike_Rosehart , I made my first withdrawal of R100,000 in 2 weeks thanks to Mike_Rosehart I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff
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