Elon Musk Will Sabotage Twitter Deal


    According to a report on Monday, Tesla CEO Elon Musk is planning to bring a lawsuit against Twitter to stop that $44 billion purchase that was signed to buy the social media company.

    According to people who are familiar with the lawsuit, it was designed to make the Delaware Court of Chancery judge to give Musk's legal team a greater chance to gather information on robots and bots using Twitter. This is the primary reason Musk has reneged on the agreement.

    Twitter has filed suit against Musk on Tuesday, attempting to prevent the $44 billion purchase from the company that is a social media giant. Musk has been accused of “outlandish and bad faith” actions that caused irreparable harm for the business in addition to having “wreaked havoc on its stock price.”

    Musk announced in April that he will offer $54.20 per share to Twitter. Twitter agreed to those terms after it reversed its position on the deal. Both sides are gearing up for a legal fight since Musk made the announcement on the eve of the week that the billionaire wouldn't be purchasing Twitter.

    Musk's attorneys filed a lawsuit to which Musk's lawyers filed a complaint with Delaware Court of Chancery Friday saying that Twitter kept information on fake accounts, caused delays, offered evasive responses, as well as posed technical hurdles. The complaint also did not support Twitter's request for a speedy trial. It stated that it will take months for Twitter to release the information required and that numerous witnesses will have to be interviewed regarding the matter.

    Musk has also made a number of other claims in the report which included the claim that Twitter did not comply with the acquisition agreement by firing two top managers without informing Musk.

    Musk is given 20 calendar days in which to submit counterclaims starting from the date Twitter was sued by the company. The first hearing is scheduled for Tuesday. The legal team of Twitter is seeking the trial to last for four days and will start in September. Musk however wants to begin the trial later.

    Kathaleen McCormick, Delaware Court of Chancery chancellor, will likely look into Twitter's request to expedite the case. McCormick will also be hearing Musk's countersuit in the event that his legal team decides to file one.


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