Elon Musk was interested in purchasing Twitter, but it was unclear if the firm would be supportive. The two parties then came to an astounding $44 billion arrangement. Now that Musk wants to cancel the contract, Twitter is suing to prevent him.
Less than three months after Musk and Twitter reached a deal on the billion acquisition, the two parties seem destined for a courtroom where the outcome of the deal will be decided. Just what the outcome of the litigation, Twitter will have to deal with excruciating amounts of uncertainty for its business and employees as a result of the ongoing Musk crisis.
Musk submitted a request to terminate the acquisition agreement last week, stating that Twitter had broken the terms of the agreement by refusing to provide the information he said he needed to assess the volume of spam and bot accounts on the network. This week, Twitter responded with a 60-plus page lawsuit that accuses Musk, not the business, of breaking the terms of the agreement and attempts to compel him to follow it out.
the business is prepared to engage in a legal dispute with the world's richest person that might last for months. (Twitter requested a four-day trial in September in its move for accelerated processing of the matter.) If it wins, Twitter may effectively be forced to sell to a billionaire who, in accordance with its own complaint, has constantly criticized "Twitter and its people."
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