Twitter Sues Elon Musk To Make Him Complete Acquisition of Company
The legal battle between Twitter and Elon Musk has begun and in court documents Twitter cited Musk's use of the poop emoji in a "disparaging tweet" as evidence that the billionaire backed out of the deal because it "no longer serves his personal interests."
"As set forth above, defendants materially breached their obligation to use their reasonable best efforts to complete the merger," the document says. "[Musk] materially breached their obligations to seek Twitter consent to public comments about the deal and refrain from disparaging the company or its representatives in Tweets about the merger".
"They therefore cannot terminate the agreement even assuming they otherwise had such a right."
Twitter argues that Musk chose to back out of the deal to purchase Twitter for $44bn because it "no longer serves his personal interests."
"Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value," Twitters's complaint says.
Musk has said he backed out of the deal because he believes Twitter misled him regarding the number of spam and bot accounts which has been a point of contention between the two since the deal first began.
The lawsuit is Twitter's effort to force Musk to go through with the deal anyway.
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