After the canceled takeover: Twitter announces lawsuit against Elon Musk

After the canceled takeover: Twitter announces lawsuit against Elon Musk

According to experts, Twitter has a good chance of successfully asserting itself against Elon Musk in court.
According to experts, Twitter has a good chance of successfully asserting itself against Elon Musk in court.

According to experts, Twitter has a good chance of successfully asserting itself against Elon Musk in court.

After the failed takeover deal,  Twitter is preparing  for the legal dispute with Elon Musk. The richest person in the world had declared his $44 billion takeover attempt from Twitter to be over on Friday: Musk’s lawyers wrote in a stock market release that Twitter had misrepresented the number of fake accounts and did not want to release important data, which meant that Musk was no longer able to participate in his contract of sale is bound. Twitter now wants to try in court to force the purchase of the short message service at the negotiated price of $44 billion.

According to an insider, Twitter has hired elite law firm Wachtell, Lipton, Rosen & Katz to prepare for a lawsuit against Elon Musk. The San Francisco-based company plans to file a lawsuit in the Delaware Court of Chancery earlier this week. If the takeover fails, Musk faces a fine of more than $1 billion. However, it is unclear whether there will be a court dispute. Twitter and Musk could agree to a higher fine out of court or renegotiate the purchase price.

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