Elon Musk No Longer Wants To Buy Twitter, Will Be Sued To Take The Deal via insideevs
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.On the other hand, in a recent statement submitted with the U.S. Securities & Exchange Commission, Musk’s legal team notes that the Twitter did not supply information about spam accounts in due time.
Since then, Mr. Musk has provided numerous additional follow-up requests, all aimed at filling the gaps in the incomplete information that Twitter provided in response to his broad requests for information relating to Twitter’s reported mDAU counts and reported estimates of false and spam accounts.
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