Twitter sues to force Musk to complete his $44B acquisition of the platform

Twitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media company.

Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company.

According to the buyout agreement, Musk must pay a $1 billion fee if the deal collapses, but a court also has the power to force him to go through with the purchase. 

This is a developing story.






Source link

Previous post Unusual objects launched into space
Next post 2022 Emmy Awards: “Succession,” “Ted Lasso” and “The White Lotus” top nominations list