The Twitter-Musk deal is arguably the talk of the town and an amusing one too. Since the official announcement of the deal, we have seen various developments in this regard, eventually boiling down to Musk’s decision of calling the deal off. As a reply to this, Twitter is now suing Elon Musk. Here’s all you need to know.
After Elon Musk told Twitter that he doesn’t want to buy Twitter last week, Twitter is now taking harsh steps and has filed a lawsuit in the Delaware Chancery Court, which is simply to persuade Musk into buying it at the decided price of $54.20 per share totaling to $44 billion.
It is also suggested that Twitter has “abided by its covenants, and no Company Material Adverse Effect has occurred or is reasonably likely to occur.“
