Twitter Says it Will Sue Elon to Enforce $44 Billion Deal
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr Musk and plans to pursue legal action to enforce the merger agreement.
San Francisco: Twitter will sue Elon Musk to enforce the $44 billion deal to buy the company that the billionaire now wants to abandon, the chair of the social media giant's board said Friday.
"The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr Musk and plans to pursue legal action to enforce the merger agreement," Bret Taylor tweeted. "We are confident we will prevail."
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
Original News: World | Agence France-Presse
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