SAN FRANCISCO — Twitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media 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.” “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.
This would be more entertaining if the billionaires would mud wrestle.
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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!😝
Source: CBSNews - 🏆 87. / 68 Read more »
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 »