Twitter Sues Musk After He Tries Backing Out of $44 Billion Deal

Posted on AllSides July 12th, 2022
From The Left
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Twitter sued Elon Musk on Tuesday to force the billionaire to complete his $44 billion acquisition of the company, setting the stage for a prolonged legal battle over the fate of the social media service.

Mr. Musk agreed in April to buy Twitter but declared last week that he intended to walk away from the deal. To push Mr. Musk to abide by the acquisition agreement, Twitter sued him in Chancery Court in Delaware. The court will determine whether he remains on the hook for the purchase or whether Twitter violated its obligation...

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https://www.nytimes.com/2022/07/12/technology/twitter-lawsuit-musk-acquisition.html

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