Twitter sues to force Elon Musk to complete his $44B acquisition

SAN FRANCISCO -- Twitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media company.

Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company. The chair of Twitter's board, Bret Taylor, tweeted Tuesday that the board has filed a lawsuit in the Delaware Court of Chancery"to hold Elon Musk accountable to his contractual obligations."

Twitter'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 personal interests." "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 suit says.

But Twitter, we don’t want him to buy you.

Close all your prank heads of criminals accounts with my body attached or your site will be closed

Elon won’t ever own Twitter. They’ll do a buyout and move on but it’s not going to be cheap.

Short of cash? Get plugged in for a 30year loan.

Right… Wait til discovery kicks in and Twitter has to reveal how many bots it actually has.

Noel Skum disagrees

I still have hope of getting verified on here so unfortunately I can’t comment at this time. 🤐

Poll: Is Elon Musk a mess?

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!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: FOXLA - 🏆 445. / 53 Read more »

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.
Source: kgun9 - 🏆 584. / 51 Read more »