Twitter Sued to Make Elon Buy the Firm, Now They Won’t Let Him Buy the Firm

1
155

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial.

“Buying Twitter is an accelerant to creating X, the everything app,” Elon Musk tweeted on Tuesday. He added that Twitter probably accelerates the new app by three to five years.

Earlier this week, AP noted that Twitter intended to close the deal at the agreed-upon price, but both sides were still booked for the October 17th trial in Delaware.

In a court filing, Elon Musk’s attorneys said,  “Twitter will not take yes for an answer.”

“Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders’ interests.”

The attorneys noted that by Twitter not setting aside its litigation, the upcoming trial would “impede the deal moving forward.”

Two backers dropped out, and Musk has to secure new backers. He has until October 28th.

First, they said they’d sue him for megabucks if he didn’t go through with the deal. Now Twitter won’t sell.

And Twitter definitely doesn’t want a deal before the midterms — free speech and all. Allegedly, Musk is going to reverse all bans.


You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:

PowerInbox
0 0 votes
Article Rating
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
The Prisoner
The Prisoner
2 years ago

Twitter is more than a big woke leftist corporation. It serves powerful, elite, globalist interests, including US Intel. It furthers the causes of depopulation and election coups. It has censored threats to the interests. It has been shown to yield to Fauci.

Some are saying that twitter may be violating rules and laws for public corporations, by acting against shareholder interests. The Musk offer is far above the actual value.