Twitter sues Elon Musk to force him to take over at the agreed price of $ 44 billion. “He caused irreparable damage and showed contempt.”
Twitter sues Elon Musk to force him to honor his commitment to buy the company al set price of 44 billion dollarsthe. The company that chirps accuses Tesla’s boss of causing “irreparable damage”, of showing “contempt”. His exit strategy of the agreement is “a model of hypocrisy and bad faith”: his accusations – says Twitter – are “pretexts without any merit”. “After mounting a public show and proposing and signing an acquisition agreement, Musk apparently feels he is free to change his mind», Reads the papers filed by Twitter with the Delaware court. The backtracking of Tesla’s boss “follows a long list of his material contractual violations that have cast a shadow on Twitter and his activities,” add the company’s lawyers who, according to rumors, have called for a “swift trial” with a hearing already in September. After proposing the acquisition of Twitter in April, Musk has changed his mind in recent days and announced that he no longer wants to proceed with the operation with which he had committed to buying the social media at $ 54.20 a share.
The lack of information
Tesla’s boss accused Twitter of not having disseminated enough information
to allow him to correctly evaluate the number of fake and spam accounts. Twitter estimates they are 5% of the total, while Musk believes the figure is closer to 20%. A significant difference, according to Tesla’s boss, and with a material impact on the value of the company. Many observers believe Musk’s step back is just a move to pull a price. And many believe that the richest man in the world will be defeated in court. A hypothesis that Musk does not seem to consider at the moment. In fact, in the last few hours, he made fun of Twitter’s awaited legal action that, with the lawsuit, she will now be forced in her opinion to publish the real data on the fake accounts in front of a judge.
Donald Trump’s attack
For the reverse Musk was also attacked by Donald Trump. The response from Tesla’s boss was not long in coming: the former president, he said, should “hang up his hat and sail into the sunset”, or take a step back from politics. And this also for his advanced age: “He is too old to be a CEO” of any company, “let alone the United States.”
July 13, 2022 (change July 13, 2022 | 08:44)
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