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Musk on Friday pulled the plug on the deal, accusing the company of “misleading” statements about the number of fake accounts
- Musk’s effort to terminate the deal that he inked in April sets the stage for an epic court battle over a billion-dollar breakup fee
EDITOR’S PICK
- Elon Musk Backs Out Of $44bn Twitter Deal
- Elon Musk Stages $43bn Hostile Takeover Of Twitter
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EKO HOT BLOG reports that Twitter demanded on Monday that Elon Musk complete a proposed $44 billion takeover of the social media company, slamming the Tesla chief’s withdrawal of his offer as “invalid and wrongful.”
“Twitter has breached none of its obligations under the Agreement,” attorneys for Twitter said in a letter to Musk’s lawyers that was included in a securities filing late Monday.
“Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement.”
Musk on Friday pulled the plug on the deal, accusing the company of “misleading” statements about the number of fake accounts, according to a letter from his lawyers, a copy of which was filed with the Securities and Exchange Commission.
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- US To Give Heavier Weapons To Ukraine As Russia Plans Next Assault
- Russian Soldiers Raping Many More Ukrainian Women, Says MP
Musk’s effort to terminate the deal that he inked in April sets the stage for an epic court battle over a billion-dollar breakup fee.
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