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

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It'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

On Tuesday, the social media company filed the lawsuit in Delaware's Court of Chancery, NPR and the New York Times reported.

The lawsuit was filed in response to Musk's lawyers announcing Friday in a letter to the Securities and Exchange Commission that the billionaire wanted to pull out of the deal because the social media company was in “material breach” of their agreement. Musk said he tried to obtain information about fake accounts on the platform for two months but noted Twitter never provided it.Now, the Tesla founder wants out of the deal.

On Monday, Twitter Chairman Bret Taylor said the company was committed to closing the deal with Musk at the amount and terms the parties agreed upon.

 

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Locked In now they have to produce the evidence it's a government BOT ran platform

I hear truth social is available 🤭

Lmao. They lied to him. The told him Tweeter only had 5% spam accounts. Turns out after he went through the books it has over 50% spam accounts. Sounds like to me they tried to deceive mr Musk. Lmao.Good luck 😂😂😂

Jerry springer judge Judy stuff with these clowns 🤣 🤡 elonmusk jerryspringer JudgeJudyTV Twitter

Never been worth $44B. Never. Twitter elonmusk Too many bots.

After finding out that there are more bots than real people on Twitter, he should be able to get Twitter for a big discount.

😂

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Twitter stock plunges as company and Elon Musk dig in for legal fightShares of Twitter plummeted on Monday afternoon on the prospect of a prolonged legal fight between the social media company and billionaire Elon Musk, who says he's pulling out of a buyout deal, leaving Twitter's future in doubt. I’m pretty sure that was the intent 11.3% the market doesn’t like liars, especially those who file fraudulent statements with the SEC. Anybody can change their mind before the check is Signed 🤣right? Affirmative 😎
Source: CBSNews - 🏆 87. / 68 Read more »