“He clearly believes that he – unlike any other party under Delaware’s contract law – can change his mind, destroy the company, disrupt its operations, destroy shareholder value and leave,” the lawsuit said.
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Twitter accuses Elon Musk of acting to the detriment of the company
The social networking site accuses the billionaire of repeatedly violating the purchase contract and emphasizes that this is against it. indicates, inter alia, the growing outflow of service employees. Elon Musk was also accused of secretly buying up the company’s shares without informing the relevant regulatory authorities.
that the company listed on the New York Stock Exchange is ready to go to court to enforce the deal if necessary. On July 11, Elon Musk responded with … a meme.
Elon Musk doesn’t want Twitter anymore? It was about bots
The head of the concern announced last week that he was withdrawing from the contract to buy Twitter. According to an agreement concluded in April, Elon Musk was to pay $ 44 billion for the purchase of the social networking site.
In a letter to Twitter, Elon Musk’s lawyers wrote that there had been a breach of the terms of the sale agreement concluded in April this year. According to them, Twitter many times either did not want to or was unable to exhaustively answer the questions about the real number of accounts maintained by bots. According to the lawyers, full knowledge on this subject is crucial for the company’s business condition. Therefore, the authors of the magazine wrote, Elon Musk withdraws from purchasing Twitter.
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Source: Gazeta
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
