Elon Musk, Twitter set for legal slugfest after billionaire moved to back out of $44 billion purchase of social-media platform
of Twitter Inc. and the company vowing to force him to follow through, the social-media powerhouse and the world’s richest person appear headed for a messy courtroom battle.
The company says it plans legal action and is any day expected to file a lawsuit in the Delaware Court of Chancery, arguing he is required to
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Elon Musk terminating $44 billion deal to buy Twitter; board says it will pursue legal actionMusk claimed in a regulatory filing Friday evening that he is ending the deal because Twitter is 'in material breach of multiple provisions' of the original agreement, which was signed in April.
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Elon Musk ‘terminates’ $44 billion Twitter-purchase deal, claims firm failed to give fake-account numbersBillionaire CEO of Tesla and SpaceX had demanded social media giant prove that spam bots made up fewer than 5% of its users.
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Elon Musk terminating $44 billion deal to buy Twitter; board says it will pursue legal actionMusk claimed in a regulatory filing Friday evening that he is ending the deal because Twitter is 'in material breach of multiple provisions' of the original agreement, which was signed in April.
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