Aht Aht Aht: Twitter Slaps Elon Musk With Lawsuit After He Bails On $44 Billion Acquisition

July 13, 2022

Elon Musk bailing on the $44 billion Twitter acquisition saga has taken an interesting turn.

Twitter Is Taking Elon Musk To Court

After hinting that he would pull out of the deal to acquire Twitter, Elon Musk did it, sticking to his excuse that Twitter made “false and misleading” statements during negotiations.

Now, Twitter is saying that aht aht aht and slapped Mr. Musk with a lawsuit in Deleware that states he must honor the deal as is.

Per The New York Times:

The Real Reason He Backed Out of The Deal

Musk’s beef with the deal is he believes Twitter is not being honest about the number of bot accounts on the platform. Matt Levine, a Bloomberg financial opinion columnist, wasn’t buying that argument from the jump.

“The spam bots are not why he is backing away from the deal, as you can tell from the fact that the spam bots are why he did the deal. He has produced no evidence at all that Twitter’s estimates are wrong and certainly not that they are materially wrong or made in bad faith,” Levine wrote.

“Musk knew those estimates and declined to do any nonpublic due diligence before signing the merger agreement,” Levine added.

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