Twitter Sues Elon Musk For Violating Agreement To Acquire It
Twitter announced that it would be suing the world’s richest man for his refusal to acquire it after signing the contract
By Reuters
Published on July 29, 2022
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Highlights
Twitter Inc sued Elon Musk for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share.
Musk said on Friday he intends to terminate the deal because Twitter had breached multiple provisions of the merger agreement.
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