Twitter is suing Elon Musk to force him to complete the transaction

Twitter on Tuesday filed lawsuits against Elon Musk to force the Tesla boss to honor his commitment to buy the social network under terms agreed at the end of April, which valued the Californian group at $44 billion, according to a document consulted by AFP.

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A judge of a court specializing in business law in the state of Delaware (eastern USA) must therefore clarify whether the multi-billionaire can terminate the acquisition agreement, which provides for a billion-dollar dissolution, or not.

“Elon Musk’s exit strategy is a model of hypocrisy” and a “model of bad faith,” say the platform’s lawyers.

“He claimed to +suspend + the agreement while waiting for imaginary conditions to be met, failed to fulfill his obligation to fund (…), violated his duty of confidentiality (and) used confidential information for bad purposes,” detailed -she.

Mr. Musk “did not commit the funds necessary to complete the acquisition,” they add, after two months of often aggressive exchanges between the buyer and executives of the coveted company.

To justify the unilateral decision to terminate the agreement, Elon Musk’s lawyers assured on Friday that Twitter had not provided all requested information on inauthentic accounts active on the network and had minimized the number of spam messages.

But for Blue Bird, “Musk’s behavior simply confirms that he wanted out of a contract he freely signed while also trying to harm Twitter.”

On Friday, the chairman of the platform’s Board of Directors (CA), Bret Taylor, had warned that the CA was “determined to complete the transaction at the agreed price and terms” and intended to prevail in court.

The quirky entrepreneur rose to fame in the Twitter capital earlier this year, before announcing his intention to buy what he says is too “censored” platform in the interests of democracy.

Since then, he has multiplied attacks and ridicule against the network, on which he has more than 100 million subscribers.

“Twitter has suffered and will continue to suffer irreparable damage from the violations,” the San Francisco-based company’s attorneys said.

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