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France 24
France 24
World
FRANCE 24

Twitter sues Elon Musk in bid to save $44 billion buyout deal

Twitter’s lawsuit accuses Tesla CEO Elon Musk of “a long list” of violations of the merger agreement that “have cast a pall over Twitter and its business”. © Chris Delmas, AFP

Twitter sued Tesla chief Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share.

“Musk apparently believes that he – unlike every other party subject to Delaware contract law – is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away,” said the complaint.

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