Twitter president reveals company plans to sue Elon Musk to complete $44 billion buyout
After Elon Musk confirmed that he plans to forgo the $44 billion acquisition on Twitter that was previously planned, Company President Bret Taylor took to Twitter himself to say that the company plans to sue Elon. to force him to fulfill a previously agreed upon settlement… and “confident” that Twitter will win the court case.
After months of speculation that he would pull out of the deal, Elon Musk proved his skeptics right when today he officially announced his withdrawal from the multi-billion dollar deal — but could he just realized that wasn’t going to happen. become easy.
On his personal Twitter account, company President Bret Taylor posted the announcement after Elon revealed that he is no longer interested in buying the popular social media platform:
“The Twitter board is committed to closing the transaction at the price and terms agreed with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident that we will prevail before the Delaware Premier Court. “
As we reported earlier today, the main reason Elon Musk pulled out of the acquisition on Twitter was due to the prevalence of “fake or spam” accounts on the social media platform.
Musk’s attorney, Mike Ringler, said through a written statement to Twitter’s board that “Twitter has failed or refused to provide this information. Sometimes Twitter ignored Musk’s requests, sometimes it denied them for seemingly implausible reasons, and sometimes it claimed to comply while providing Musk with incomplete information. sufficient or unusable”.
Until now, Elon Musk has not publicly responded to the threat of lawsuit from Twitter.
Want updates directly in your inbox? Contact us at 917-722-8057 or click here to join!