Meanwhile, Musk has claimed in a tweet that he has trapped Twitter. In this tweet, he has shared four of his pictures in which he is seen laughing. Along with this, he has also written text with all the four pictures. Musk wrote sequentially, ‘He said I can’t buy Twitter. Then they said that they cannot provide information about the bot. Now they want to drag me to court to buy Twitter. Now they have to give information in the court. That is, he is clearly saying that he has trapped Twitter in his net.
high voltage drama
Musk on Saturday announced the cancellation of a $44 billion deal with Twitter. Musk’s team had informed about this by sending a letter to Twitter. He claimed that Twitter has violated the terms of this deal and hence he is canceling this deal. He claimed that he is seeking information about fake accounts in Twitter but the company is not giving information about this. After Musk canceled the deal, Twitter threatened to go to court to complete the deal.
The high voltage drama between Musk and Twitter has been going on for the past three months. But despite Musk ending the deal, it hasn’t been deciphered. The reason for this is that Twitter has made preparations to drag Musk to court. That is, this drama will continue for some more days. Musk announced a 9.2 percent stake in Twitter in March. It was announced in early April that Musk would join Twitter’s board. On April 10 it was said that Musk would not join Twitter’s board. After this, on April 14, Musk offered to buy the entire company at a price of $ 54.20 per share. The entire deal was worth $44 billion.
Why did you pull out of the deal?
In May, Musk said that 20 percent of Twitter accounts were fake, which the company denied. After this Musk went a step further. He said that he will not proceed with this deal unless there is evidence that less than five per cent of the accounts are fake. After this, the round of accusations and counter-accusations continued from both the sides. Eventually Musk announced the cancellation of the deal on Saturday. Twitter is preparing to drag Musk to court. For this, it has hired top legal firm Wachtell, Lipton, Rosen & Karz LLP in New York. Twitter will file a lawsuit against Musk in Delaware next week. Musk has also hired the law firm Quinn Emanuel Urquhart & Sullivan.
Source: navbharattimes.indiatimes.com
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