Twitter sues Elon Musk for attempting to abandon $44 billion acquisition

Illustration by Kristen Radtke / The Verge; Getty Images

Twitter vs. Elon Musk is moving into the courts. The social media company filed a lawsuit against the world’s richest man on Tuesday, saying that he is refusing to “honor his obligations” under their agreement and seeking to make him complete the deal. Musk is trying to exit the $44 billion acquisition deal they announced on April 25th based on his claims Twitter has failed to satisfy his requests for information about bot activity and spam on the platform.

“Twitter brings this action to enjoin Musk from further breaches, to compel Musk to fulfill his legal obligations, and to compel consummation of the merger upon satisfaction of the few outstanding conditions,” Twitter writes in the lawsuit, which was filed in the Delaware Court of…

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Your email address will not be published.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