25.4 C
October 3, 2023
Egypt Bulletin

Twitter hires top legal firm to sue Musk for ending $44 billion deal

In the wake of Elon Musk‘s decision to terminate a 44 billion dollar takeover deal between Tesla and SpaceX, Twitter is considering legal action against him over his decision. It has been announced that the microblogging site, Twitter, has hired a large New York-based law firm in preparation for suing Musk. In the coming week, Twitter is planning to file a lawsuit in Delaware.

Twitter hires top legal firm to sue Musk for ending $44 billion dealAccording to Twitter’s chairman, Bret Taylor, the company is committed to closing the merger on the price and terms agreed upon with Musk, and plans to pursue legal action. A letter sent by Musk’s team to Twitter earlier on Saturday announced that the $44 billion Twitter purchase deal had been terminated. According to Musk, there have been multiple breaches of the purchase agreement that have caused Musk to suspend the deal.

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