Twitter sues Elon Musk to hold him to $44 billion merger
Summary by Ground News
Twitter sued Elon Musk on Tuesday for violating the $44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share. The court will determine whether he remains on the hook for the purchase or whether Twitter violated its obligation to provide Mr. Musk with data he requested, entitling him to walk away.
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Times of India
Twitter sues to force Elon Musk to complete his $44 billion acquisition
The lawsuit accused Musk of "a long list" of violations of the merger agreement that "have cast a pall over Twitter and its business." It said for the first time that employee attrition has been "on the upswing" since the deal was announced.
Twitter sues Elon Musk over ‘wrongful’ attempt to pull out of $44bn acquisition deal
Twitter sued Elon Musk on Tuesday, arguing the tech billionaire is legally bound to carry out his $44bn acquisition of the social network, after the Tesla CEO said last week he wanted to walk away from the deal.
Twitter sues Elon Musk to keep $44B takeover on track
Twitter Inc. sued Elon Musk on Tuesday for violating the $44-billion US deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 US per Twitter share, according to a court filing.