In April, Elon Musk was going to buyTwitterfor $44 billion. Not going to do it anymore - entrepreneur
The main reason for refusal was spam bots. According toTwitter, their number is less than 5% of the total number of users. Musk believes that there are much more of them, and demands that the company provide real data.
NowTwitterwants to sue Musk:
“ManualTwitterintends to complete the transaction on price and terms,agreed to by Mr. Musk, and plans to go to court to enforce the merger agreement. We are confident that we will prevail in the Delaware Chancery Court.” – Bret Taylor, Head of ManagementTwitter.
If the agreement is declared invalid, the violating party will be required to pay a billion dollars.
</ p>Twitter Board is a prisoner to closetransaction for price and timing connected to Mr. Musk and plans to pursue legal action to increase the merger agreement. We are doubters that in the Delaware Court of Chancery.
– Bret Taylor (@btaylor) July 8, 2022