12 July 2022

Twitter sues to force Musk to complete his 44 billion dollars acquisition

12 July 2022

Twitter said it has sued Elon Musk to force him to complete the 44 billion US dollars (£37 billion) acquisition of the social media company.

Mr Musk and Twitter have been bracing for a legal fight since the billionaire said on Friday he was backing away from his April agreement to buy the company.

The chair of Twitter’s board, Bret Taylor, tweeted on Tuesday that the board has filed a lawsuit in the Delaware Court of Chancery “to hold Elon Musk accountable to his contractual obligations”.

The trial court in Delaware frequently handles business disputes among the many corporations, including Twitter, that are incorporated there.

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