Elon Musk No Longer Wants To Buy Twitter, Will Be Sued To Take The Deal

Following his announcement that he was planning to purchase Twitter to restore the freedom of speech that is available through the site.

Image by: insideevs

1

Elon Musk committed to the purchase, but began to think twice about it after observing the greater number of bot (fake and fraudulent) account on Twitter than originally anticipated.

2

Image by: insideevs

Musk said that he believes that about 20 percent of Twitter accounts are fake or more than four times higher than the number claimed by the platform.

3

Image by: insideevs

Then, he announced that he would be not going to sign the deal even announcing that he would pay $1 billion to Twitter for the right to quit.

4

Image by: insideevs

But, it appears that Twitter isn't happy with the deal and may be seeking to force Musk to sign the $44 billion takeover. According to the company's chairperson Bret Taylor,

5

Image by: insideevs

SUBSCRIBE TO OUR NEWSLETTER!

LOOKING FOR MORE?

Twitter's Twitter Board is committed to closing the deal according to the terms and prices that were agreed upon by Musk.

6

Image by: insideevs

Musk and plans to take legal actions to make sure that the merger agreement is enforced. We are certain that we will win before this case in Delaware Court of Chancery.

7

Image by: insideevs

However, in a recent filing to the U.S. Securities & Exchange Commission Musk's legal department acknowledges that Twitter did not provide details about accounts that were spammed at the time it was required.

8

Image by: insideevs

Mr. Musk and his financial advisors at Morgan Stanley have been requesting crucial information via Twitter since May 9 2022.

9

Image by: insideevs

Since then, Musk has. Musk has provided numerous additional follow-up inquiries, all designed to fill in the gaps in the sloppy data that Twitter offered when it responded to wide demands for information on Twitter's.

10

Image by: insideevs

Ducati Pulls The Covers Off Its 2023 MotoE V21L Bike In Modena

By Electrekvs

NEXT

Arrow