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Twitter sues Elon Musk to enforce original
merger agreement

Original Article

Posted By: Dreadnought, 7/12/2022 6:11:30 PM

Twitter filed suit against Elon Musk in the Delaware Court of Chancery on Tuesday after the billionaire said he was terminating his $44 billion deal to buy the company. Twitter said Musk, after entering a binding merger agreement, now "refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests." Twitter's suit was expected after Musk said late last week that he no longer plans to buy the social network, citing Twitter bots and claiming that the company didn't give him the information he needed to evaluate the deal.

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Reply 1 - Posted by: Bur Oak 7/12/2022 6:15:01 PM (No. 1214469)
The $44 billion deal will likely turn into a $30 billion deal.
6 people like this.

Reply 2 - Posted by: formerNYer 7/12/2022 6:21:47 PM (No. 1214477)
Twitter doesn't really want to sell to Musk, he'd fined out that it's BS. When he asks in discovery for the same information they wouldn't give him in the first place will they give up or fight it? If the judge rules they have to give Musk's this information they'll have either put up or cancel the lawsuit. I think they'll cancel and all will go on it's merry way.
10 people like this.

Reply 3 - Posted by: smokincol 7/12/2022 6:28:26 PM (No. 1214481)
the main attraction is entering the Center Ring, now the fun stuff starts
9 people like this.

Reply 4 - Posted by: earlybird 7/12/2022 6:29:26 PM (No. 1214482)
This should be fun. All of the data on bots and fake accounts that Musk was concerned about and which Twitter would not provide him will come out in court.
15 people like this.

Reply 5 - Posted by: bad-hair 7/12/2022 6:37:12 PM (No. 1214490)
So it's the BILLION dollar battle of "Who Owns the Twits" I don't care. Make them go away so that "reporting" is not a series of twits.
2 people like this.

Reply 6 - Posted by: bpl40 7/12/2022 6:54:56 PM (No. 1214497)
They KNOW discovery ordered by a court will brutally expose them. Yet, why are they doing it? What's the game?
9 people like this.

Reply 7 - Posted by: Felixed 7/12/2022 6:57:33 PM (No. 1214502)
How can Twitter prevail in court without exposing their clandestine government backing?
5 people like this.

Reply 8 - Posted by: Dodge Boy 7/12/2022 7:06:33 PM (No. 1214507)
Go ahead, Tweeter. Make Elon's day. During discovery, let's see how many bots you really have and you'll probably save Elon $10 billion to $15 billion when he closes the deal. Then we will see which of your executive team goes to jail for criminal fraud. Former Tweeter CEO, Rasputin, now don't you go far now, hear?
8 people like this.

Reply 9 - Posted by: MissNan 7/12/2022 7:54:45 PM (No. 1214535)
Oh to be a fly on the wall in these lawyer pow-wows!
6 people like this.

Reply 10 - Posted by: ChattyCatsSusan 7/12/2022 8:02:11 PM (No. 1214544)
So, they want Musk to give them money and they feel they don't have to hold to their part of the deal? Musk needs to legally hit them hard enough to leave marks on their grandkids.
7 people like this.

Reply 11 - Posted by: TJ54 7/12/2022 8:35:36 PM (No. 1214576)
So sad, too bad. NOT!
3 people like this.

Reply 12 - Posted by: Dino Sayer 7/12/2022 8:47:39 PM (No. 1214586)
Dear Mr Musk: Twitter should be paying you for your tweets, since you bring them millions of eyeballs to sell ads to. Meanwhile fake twitter accounts are more like 25% if you can believe the rumors. And the SEC should have closed down their racket years ago.
3 people like this.

Reply 13 - Posted by: lakerman1 7/12/2022 9:18:34 PM (No. 1214610)
Top management at Twitter is caught between its shareholders and Musk. Having fake accounts is criminal fraud, I believe. It means Twitter was misleading advertisers, stockholders, and Musk. Even Ryan, on The Office, went to prison for six months for overstating the performance of the Dunder Mifflin website he created.
4 people like this.

Reply 14 - Posted by: mifla 7/13/2022 5:04:04 AM (No. 1214763)
Hello Discovery!
2 people like this.

Reply 15 - Posted by: Paperpuncher 7/13/2022 8:27:21 AM (No. 1214906)
This could be fun to watch.
1 person likes this.

Reply 16 - Posted by: broken01 7/13/2022 9:32:48 AM (No. 1214996)
Discovery should be entertaining.
1 person likes this.

Reply 17 - Posted by: MickTurn 7/13/2022 9:42:03 AM (No. 1215017)
Not going anywhere, Twitter violated the agreement by NOT providing required data that was usable to determine BOT concentration. Elon will Kick their Azzes, COUNT ON IT! Twitter is playing tiddlywinks while Musk Plays Hard Chess!
1 person likes this.

Reply 18 - Posted by: DVC 7/13/2022 5:45:34 PM (No. 1215468)
They are going to lose. Or Musk will get the company at half price.
0 people like this.

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