Twitter Inc. asked a Delaware court to order Musk to complete the merger at an agreed upon $54.20 per Twitter share, according to a court filing.
Twitter Inc. asked a Delaware court to order Musk to complete the merger at an agreed upon $54.20 per Twitter share, according to a court filing.
Twitter Inc. sued Elon Musk for infringing on Tuesday $44 billion deal Asked to buy the social media platform and order a Delaware court to complete the merger with the world’s richest man for $54.20 per Twitter share, according to a court filing.
“After making a public spectacle to run Twitter, and being proposed and then signing a vendor-friendly merger agreement, Musk clearly believes he is — subject to Delaware contract law. – unlike every other party – is free to change its mind, trash the company, disrupt its operations, destroy stockholder value, and walk away,” the lawsuit states.
on Friday, Mr Musk said he was terminating the deal Because Twitter violated the agreement by failing to respond to requests for information about fake or spam accounts on the platform, which is fundamental to its business performance.