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Shannon Bond

Twitter has vowed to sue Elon Musk. Here's what could happen in court

Elon Musk Twitter Inc. Tesla Inc. SEC

Elon Musk and Twitter are accusing each other of breaking their legal agreement in the $44 billion sale of the social network to the billionaire. (Patrick Pleul/AP)

Twitter says its $44 billion sale to Elon Musk is still on and it will go to court to make it happen, despite the mercurial billionaire's declaration he is breaking it off.

"The Agreement is not terminated," Twitter's lawyers wrote in a letter to the Tesla and SpaceX CEO on Sunday disclosed in a filing on Monday. Musk "knowingly, intentionally, willfully, and materially breached" his agreement to buy the company, they alleged.

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