Twitter Sues Elon Musk for Terminating Purchase Deal
Main page News, Elon Musk, Twitter

Twitter has just filed a lawsuit in the Court of Chancery of Delaware against Elon Musk for suspending the company's $44 billion buyout.

The social network reportedly intends to force the Tesla CEO to comply with his obligations and finalize the purchase.

The document claims the entrepreneur "has mounted a public spectacle" and behaved in bad faith:

"Musk thinks he can change his mind, trash the company, disrupt its operations, destroy stockholder value and walk away."

Before the lawsuit was officially filed, Twitter's lawyers called the termination of the deal illegal.

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The social network has asked for an expedited review of the case.

Elon Musk acquired a 9.2% stake in Twitter in April, and then offered to buy the company at a price of $54.2 per share in order to create an "inclusive arena for free speech."

It should be noted that the company accepted the offer.

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