Twitter has sued Tesla and SpaceX CEO Elon Musk for violating his $44 billion deal to buy the social media company and asked a court in US Delaware to order him to go ahead with the merger at the agreed price. Twitter Sues Elon Musk in Delaware, US Social media platform Twitter has sued Elon Musk in the Delaware Court of Chancery after he backed out of a proposed $44 billion deal to take the company private at $54.20 per share. The lawsuit alleged that Musk had backed out of the deal because it “no longer serves his personal interests.” Twitter chairman Bret Taylor tweeted that the microblogging site wanted “to hold Elon Musk accountable to his contractual obligations”. Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations. — Bret Taylor (@btaylor) July 12, 2022 “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the company said in the lawsuit. “Musk apparently believes that he – unlike every other party subject to Delaware contract law is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away,” the lawsuit added. Elon Musk Reacts After Twitter Sues Him The lawsuit comes after Musk announced he was walking away from his proposed $44 billion takeover of Twitter on Friday. He claimed that the social media site had not gi...
