![]() ![]() ![]() ![]() Musk has been agitating for some time about the deal with one of his central concerns being the number of fake accounts on Twitter. It also asserts Musk advanced a “false narrative” that Twitter was “stonewalling” requests.Īn attorney for Musk declined to comment on the suit Wednesday and Twitter did not respond to requests for comment. In addition to outlining its legal arguments for forcing Musk to close the deal, Twitter’s complaint paints a picture of senior executives under pressure as they seek to cooperate by providing information to an increasingly mercurial and adversarial buyer.“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 states. Just days after Elon Musk formally moved to terminate his $44 billion deal to acquire Twitter, the social media company filed suit Tuesday, as expected, against Musk and two affiliated companies, asking the court to force the billionaire to close the transaction following “a long list of material contractual breaches by Musk that have cast a pall over Twitter and its business,” according to the lawsuit filed in Delaware Court of Chancery. ![]()
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