The Tesla founder cannot call off the takeover of the tech group for 44 billion dollars that easily: a 60-page complaint has been filed with a court in Delaware.
Twitter is asking tech billionaire Elon Musk in court to implement the agreed takeover of the online service. As announced, the online service filed a lawsuit in the state of Delaware, according to Board Chairman Bret Taylor.
The competent court can order the completion of a takeover. Twitter also expressly demands this in the 60-page lawsuit published by US media.
Musk announced on Friday that he was withdrawing from the agreement to buy Twitter for around $44 billion. To justify this, he referred to his previously unsubstantiated claims that there were significantly more fake accounts on Twitter than the company’s estimate of less than five percent.
His lawyers argued, among other things, that Twitter failed to fulfill its contractual obligation to provide Musk with the necessary data access to verify the numbers. Twitter rejected this and described Musk’s withdrawal as “invalid and unlawful”.
A day later, Twitter’s lawyers added the lawsuit again: Musk probably believes that he can simply withdraw from a contract that has been concluded, to denigrate the company, mess up its business and destroy shareholder values.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
