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confrontation between Twitter and Elon

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Twitter issued a statement yesterday accusing billionaire Elon Musk of trying to amend the lawsuit it filed to force him to complete the $44 billion acquisition deal.

The US judiciary is scheduled to consider the case in September to ensure the continuation of the deal, but Musk is calling for a postponement of the case to February.

Twitter had sued Musk to force him to complete the acquisition at the agreed-upon price of $54.20 per share.

The company said that if a court orders Musk to complete the deal, which expires in April, additional litigation could take months.

The world's richest man and the CEO of Tesla, the electric car maker, accused Twitter of rushing to court, to hide the truth about the spam accounts and prompted him to buy the company.

The two sides will present their arguments about the proposed date for the start of the trial before a Delaware District Court judge on Tuesday.

The New York Post reported that Musk's lawyers plan to file a counter-suit on Twitter asking for more information to be collected on spam accounts.

Twitter shares have fallen from more than $50 a share when the deal was announced in April to less than $33 a share last week. Twitter's stock closed on Monday at $38.41, up 1.8%.


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Twitter issued a statement yesterday accusing billionaire Elon Musk of trying to amend the lawsuit it filed to force him to complete the $44 billion acquisition deal.

The US judiciary is scheduled to consider the case in September to ensure the continuation of the deal, but Musk is calling for a postponement of the case to February.

Twitter had sued Musk to force him to complete the acquisition at the agreed-upon price of $54.20 per share.

The company said that if a court orders Musk to complete the deal, which expires in April, additional litigation could take months.

The world's richest man and the CEO of Tesla, the electric car maker, accused Twitter of rushing to court, to hide the truth about the spam accounts and prompted him to buy the company.

The two sides will present their arguments about the proposed date for the start of the trial before a Delaware District Court judge on Tuesday.

The New York Post reported that Musk's lawyers plan to file a counter-suit on Twitter asking for more information to be collected on spam accounts.

Twitter shares have fallen from more than $50 a share when the deal was announced in April to less than $33 a share last week. Twitter's stock closed on Monday at $38.41, up 1.8%.


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App & Mobile ProgrammingIlon MaskInformation TechnologyMobile App MarketingTwitter

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