September 26, 2022

Taylor Daily Press

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Twitter takes Musk to court |  News

Twitter takes Musk to court | News

Twitter Inc filed a lawsuit against Elon Musk on Tuesday for violating the agreement under which Musk will pay $44 billion (about 43.85 billion euros) to buy the social media platform. Musk returned to those plans on Friday, but the company now wants to force him to stick to the agreement.

Twitter is asking a Delaware court to compel Musk, the world’s richest person, to go ahead with his plans and buy the company for an agreed-upon amount of $54.20 (€54.00) per Twitter segment. That’s clear from court documents on Tuesday.

“After setting up a public takeover scene on Twitter and proposing and then signing a sales-friendly merger agreement, Musk apparently believes that — unlike any other party subject to Delaware contract law — it is free to make its own decision. Change, damage, damage,” Twitter said in the indictment:

Musk reported Friday that he decided to withdraw from the deal because he believes Twitter has breached the agreement by not responding to requests for information about fake or spam accounts on the platform, which is essential to doing business.

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