The social network has filed an application for the manager’s failure to purchase. And yet the former president of the United States is very critical of Musk who responds furiously
Twitter sues Elon Musk to force him to honor his commitment to buy the company for the set price of $ 44 billion. The company that chirps accuses Tesla’s boss of causing “irreparable damage”, of showing “contempt”. His exit strategy of the agreement is “a model of hypocrisy and bad faith”: his accusations – says Twitter – are “pretexts without any merit”. “After mounting a public show and proposing and signing an acquisition deal, Musk apparently feels he is free to change his mind,” read the papers filed by Twitter with the Delaware court. Tesla CEO’s backtrack “follows a long list of his material contractual violations that have cast a shadow on Twitter and his activities,” add the company’s lawyers who, according to rumors, have called for a “trial. rapid “with a hearing already in September.
difficult negotiation
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After proposing the acquisition of Twitter in April, Musk has changed his mind in recent days and announced that he no longer wants to proceed with the operation with which he had committed to buying the social media at $ 54.20 per share. Tesla’s boss accused Twitter of not disclosing enough information to allow him to correctly assess the number of fake and spam accounts. Twitter estimates they are 5% of the total, while Musk believes the figure is closer to 20%. A significant difference, according to Tesla’s boss, and with a material impact on the value of the company. Many observers believe Musk’s step back is just a move to fetch a more favorable price. And many believe that the richest man in the world will be defeated in court.
back and forth with trump
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A hypothesis that Musk does not seem to consider at the moment. In fact, in the last few hours she has ironed on Twitter’s awaited legal action that she, with the lawsuit, will now be forced in her opinion to publish the real data on the fake accounts in front of a judge. In the meantime, another front has opened for Musk with former President Donald Trump, made of back and forth to vitriol. The former US president in a rally in Alaska called Musk “an artist of nonsense” for the story of the Twitter purchase offer, which was then withdrawn. This is the reply from Tesla’s number 1 to Trump to whom he advises to realize that he is too old – in 2024 he will be 78 years old – to run for a new term in the White House: “I don’t hate man, but the time has come for Trump to put his hat on and head towards the sunset. ” In recent months, Musk has been increasingly close to the positions of Trump and the Republicans.
July 13, 2022 (change July 13, 2022 | 11:52 am)
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