Last week, the founder of Tesla announced that he was breaking the contract with the social network. Prior to the legal battle, Musk and Twitter agreed to pay a $1 billion fine from any party that pulled out of the deal.
Euskaraz irakurri: Twitter rack Musk salatu du enpresaren erosketarekin aurrerajaritzeko
Twitter denounced billionaire Elon Musk on Tuesday in a US court to force him to buy the company. The complaint comes after Musk was notified last Friday of his intention to break the agreement with the social network.
In the exposed complaint, Twitter accused Musk of “criticizing the company, disrupting its operations and destroying shareholder value”. Additionally, they assure Twitter that Musk “disqualified the pact, creating a business risk.”
Prior to the legal battle, Musk and Twitter agreed to pay a $1 billion fine from any party that pulled out of the deal.though if Twitter plans to enforce the purchase under the terms agreed to, the situation could get complicated for the tycoon.
Twitter shares fell more than 7 percent on Monday after Musk confirmed his intention to terminate the purchase contract for the social network. The company accused the billionaire on Tuesday of allowing the share price to plummet. Twitter is currently trading below $35, a far cry from the $54.20 per share Musk agreed to pay.
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Source: EITB
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