The data don’t match and Elon Musk tries to kill the deal We are confident we will prevail in the Delaware Court of Chancery.Īccording to Musk, Twitter’s public statements about the prevalence of bots are misleading and he recently officially requested that they be made public by a judge so that they can be proven to exceed the estimate of less than 5% of mDAUs (monetizable Daily Active Users). Musk and plans to pursue legal action to enforce the merger agreement. The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Twitter’s response, anticipated via the social network on 8 July by its CEO Bret Taylor, consisted of taking Tesla’s billionaire owner to court to force him to fulfill his commitments. In response, Musk’s lawyers have decided to subpoena Goldman Sachs and JP Morgan as witnesses, seeking clarification on the advice they offered Twitter in the sale of the social.įor his part, Elon Musk continues to argue that Twitter did not provide the necessary documents required to have an account of how many fake profiles exist within the social network. Twitter’s attorneys want to know the details of the conversations it had with Elon Musk in the tense days when he allegedly decided to back out of the $44 billion purchase of the social media company. The companies named include cryptocurrency exchange Binance, Factorial Funds, Benefit Street, Bandera Partners, Founders Fund Growth II Management, Credit Suisse and Morgan Stanley. Twitter ‘s lawyers involved in the lawsuit filed against Elon Musk over his failed $44 billion acquisition are set to subpoena dozens of companies that were in some way involved in the purchase proposal made by Musk to acquire the social media company.
Twitter sues Binance and other companies involved in the acquisition Twitter is suing companies involved with Elon Musk in the acquisition, including Binance The data don’t match and Elon Musk tries to kill the deal.Twitter sues Binance and other companies involved in the acquisition.
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