Twitter sues Elon Musk over his attempt to back out of $44 billion deal

Twitter sues Elon Musk over his attempt to back out of $44 billion deal
Twitter by Akshar Dave 🪁 is licensed under unsplash.com
Twitter officially sued Elon Musk on Tuesday over the Tesla CEO's attempt to terminate the $44 billion deal he made to purchase the social media giant.

In the complaint, Twitter accuses Musk of refusing "to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests" and seeks to force him to go through with the offer he made in April.

Twitter has sued Elon Musk in Delaware court seeking to force him to go through with his $44 billion offer to purchase the company. 

"Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away," Twitter's lawsuit states.

The filing is not a surprise.

 
Twitter by Akshar Dave 🪁 is licensed under unsplash.com