Last Updated on January 18, 2025 by Admin
The legal battle between Twitter and Elon Musk has escalated dramatically, with Twitter’s legal team launching a scathing attack on the billionaire in an attempt to force him to complete the $44 billion acquisition deal.
In a recent court filing, Twitter’s lawyers accused Musk of engaging in a “campaign to torpedo the merger agreement” and acting in bad faith. They argued that Musk is attempting to use the issue of bot accounts as a pretext to escape a deal he no longer desires, potentially due to the recent downturn in the stock market.
The filing highlighted several key points:
- Misrepresentation of Bot Accounts: Twitter vehemently denied Musk’s claims regarding the prevalence of bot accounts on the platform, asserting that he was provided with all the information he requested and that his concerns are unfounded.
- Damages Sought: Twitter is seeking substantial damages from Musk to compensate for the failed deal, including lost stock value and reputational harm.
- Potential for Forced Acquisition: Twitter is exploring all legal avenues, including potentially seeking a court order to compel Musk to complete the acquisition.
This legal battle is expected to be protracted and highly contentious. The outcome will have significant implications for Twitter, its shareholders, and the broader technology landscape.
