Twitter sues Elon Musk to purchase deal
hold him to $44 billion
Twitter filed a lawsuit
against Musk on July 12 in the Delaware Court, seeking to hold Elon to his agreement to buy the company for $44 billion
that agreement in April but last week filed paperwork to pull out of it..
Elon will buy twitter
only if it could show to his satisfaction that bots — fake or spam accounts make up less than 5% of users.
Musk's lawyers wrote that
"Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts"
The court could rule
for Twitter, forcing Musk to honor the original deal, or it could allow the billionaire to walk away.
The two sides
could also negotiate, with Musk ultimately buying Twitter for a lower price.
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