WILMINGTON, Del. — Twitter sued Elon Musk on Tuesday for violating the $44 billion deal to purchase the social media platform and requested a Delaware courtroom to order the world’s richest particular person to finish the merger on the agreed $54.20 per Twitter share, in response to a courtroom submitting.
“Having mounted a public spectacle to place Twitter in play, and having proposed after which signed a seller-friendly merger settlement, Musk apparently believes that he — not like each different occasion topic to Delaware contract regulation — is free to alter his thoughts, trash the corporate, disrupt its operations, destroy stockholder worth, and stroll away,” mentioned the lawsuit.
On Friday, Musk mentioned he was terminating the deal as a result of Twitter violated the settlement by failing to answer requests for data relating to faux or spam accounts on the platforms, which is key to its enterprise efficiency.
Monday, Musk mocked Twitter’s risk to sue him following his transfer to desert the $44 billion takeover deal, tweeting the social media agency would want to reveal extra data on bots and spam accounts.
The collection of tweets on Monday was the Tesla chief’s first public response since he made public his intention to ditch the supply on Friday, saying Twitter had breached a number of provisions of the merger settlement.
