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On the 12th local time, Twitter officially sued Tesla CEO Elon Musk, asking him to buy the social media company for $44 billion.
According to court documents, Twitter accused Musk of breaching the acquisition contract with “hypocrisy and malicious intent” and asked him to buy the social media company for $44 billion.
Court documents show, “In April 2022, Elon Musk entered into an agreement with Twitter promising to do his best to close the deal. Now, less than three months later, Musk has refused to honor his obligations to Twitter and its shareholders. Obligations because the deal he signed was no longer in his personal interest.”
Shortly after Twitter filed the lawsuit, Musk tweeted, “Oh, that’s ironic, hahaha.”
According to previous reports, on the 8th local time, Musk said that Twitter will terminate the acquisition of Twitter because Twitter has seriously violated many of the terms of the acquisition agreement. It is reported that under the terms of the agreement, if Musk withdraws from the acquisition, it will need to pay Twitter $1 billion.
Source: World Wide Web
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