Twitter Suing Elon Musk Over Twitter Deal
Twitter files a lawsuit against Elon Musk for backing out of the deal to buy Twitter. NPR reports
Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world's richest person said last week he was calling off.
The lawsuit, filed in Delaware's Court of Chancery on Tuesday, accuses Musk of hypocrisy and bad faith in breaching his contract with Twitter.
It claims that Musk used pretexts, including a question about how many fake and spam accounts are on the platform, as way to try to kill the acquisition after a market downturn made it look like he was getting a bad deal. Yet, the suit points out, he was under a legally binding contract.
"Musk wanted an escape. But the merger agreement left him little room," wrote attorney William Savitt and other lawyers representing the social media company.
Post a Comment