Twitter is preparing for a legal battle with tech billionaire Elon Musk over his bid to call off the acquisition of the online service. In a letter to Musk’s legal representative, the SMS service’s attorneys say the company believes its termination of the deal is “void and unlawful.” Musk himself can only laugh about it.
Contrary to Musk’s claims, Twitter has not violated the acquisition agreement, according to the letter published Monday. Musk, on the other hand, has knowingly and intentionally violated the agreement with his withdrawal.
Musk announced Friday that he is withdrawing from the deal to buy Twitter for about $44 billion. To justify this, he referred to his previously unsubstantiated claims that Twitter had significantly more fake accounts than the company’s estimate of less than five percent.
His lawyers argued, among other things, that Twitter has breached its contractual obligation to give Musk the necessary data access to verify the figures. Ironically, though, Twitter should now reveal this data in a lawsuit, Elon Musk joked in a Twitter meme.
Twitter has already announced it plans to go to court at the company’s official headquarters in the state of Delaware. There, the Delaware Chancery Court can also order the completion of an acquisition.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
