Twitter launched a lawsuit against Elon Musk on Tuesday to force the Tesla chief to honor his commitment to buy the social network under terms agreed in late April, valuing the California group at $44 billion, according to a document consulted on the document. AFP. Therefore, a judge specializing in business law in the state of Delaware (Eastern United States) must decide whether the multibillionaire owner can terminate the purchase agreement that provides for compensation, a billion dollar break.
Last Friday, the head of Tesla and SpaceX said on Twitter that he was terminating the contract with the board of directors because of information about the purchase of the social network. “false and misleading” on business. For weeks, pundits wondered whether Elon Musk would withdraw his offer or resume price cuts.
On Monday, the social network noted that the entrepreneur had been abandoned “invalid and unjustified”. In a letter to Elon Musk and his representatives, which was published on the website of the American authority on financial markets, Twitter asked the multibillionaire to keep his commitments.
Source: Le Figaro
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