Elon Musk’s lawyers are accusing Twitter (TWTR) of “burying” his side of the story in their dispute over the Tesla (TSLA) CEO’s decision to renege on a $44 billion deal to buy the social media site. In dueling letters filed in Delaware Chancery Court on Wednesday, Twitter argued that court rules require Musk’s countersuit, now filed under seal, to be blocked from public view for five business days. Meanwhile, Musk accused Twitter of misapplying the rule to conceal his version of… Source link
Read More »Twitter subpoenas Binance and a dozen more firms over $44B Musk deal
Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site’s lawyers. Those lawyers want to know what happened in Musk’s private negotiations leading up to the now-disputed deal. On Tuesday, Twitter filed more than a dozen subpoenas in its fast-tracked lawsuit to force Musk to go through with the deal. The filings directed to Musk’s advisers and would-be lenders — including Source link
Read More »How a $44B deal turned into a ‘horror show’ that’s just beginning
Elon Musk is trying to kill his own plan to take over Twitter (TWTR) for $44 billion and mold it to his liking. The deal crumbled on Friday when the Tesla (TSLA) and SpaceX CEO announced via a Securities and Exchange Commission filing that he’s terminating the buyout. So where did the tie-up that Twitter never asked for go wrong? It depends on whom you ask. Musk says he’s walking away because Twitter refused to hand over information about how many bots and spam accounts it has on its… Source link
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