Twitter’s new lawyers tell Elon Musk the $44 billion deal is still on

Illustration by Alex Castro / The Verge

Twitter’s high-powered lawyers from Wachtell, Lipton, Rosen & Katz are preparing for a court battle. After Elon Musk finally filed paperwork attempting to exit a $44 billion deal to acquire Twitter last week, they filed a letter today saying Musk’s termination attempt is invalid because “Mr. Musk and the other Musk Parties have knowingly, intentionally, willfully, and materially breached the Agreement.”

Twitter is being represented by Wachtell partner William Savitt, who has represented other big companies like Anthem and Sotheby’s in cases against activist shareholders.

Musk says he wants out due to concerns Twitter has misrepresented the amount of bot activity on the platform — the same problem he promised to fix — and that Twitter…

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Generated by Feedzy