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Elon Musk files a petition against Twitter to pull out of the $44 billion deal

  • August 1, 2022
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richest person in the world Elon Muskin the past months Twitter It had submitted a $44 billion bid to buy it. However, the famous billionaire announced that he

Elon Musk files a petition against Twitter to pull out of the  billion deal

richest person in the world Elon Muskin the past months Twitter It had submitted a $44 billion bid to buy it. However, the famous billionaire announced that he was giving up on this purchase, citing the fact that Twitter failed to provide accurate information about fake accounts. After Musk’s decision, Twitter decided to sue the 50-year-old businessman.

It was announced that this case, which was closely followed by the whole world, would start in October. Yesterday was the exact date when the lawsuit between Twitter and Musk would be heard. October 17-21, 2022 dates will be announced. Hours after this decision came a counter move from Elon Musk.

Musk files lawsuit against Twitter

Elon Musk

Elon Musk has stepped up his legal battle against Twitter after the court date was set, according to Reuters. counterclaim opened. It was stated that the document filed for this lawsuit, which was opened secretly and undisclosed, was 164 pages long. It was also reported that an edited version of the document may be shared with the public in the near future.

Besides, yesterday a Twitter shareholder is already suing Elon Musk. The shareholder stated that the famous businessman would have to commit violations and cover the damages caused by him, and asked the court to order Musk to honor the agreement.

There has been no statement from the Twitter front about Musk’s counterclaim yet. Twitter had recently released its second quarter financial report, announcing that it had lost millions of dollars. It was stated that one of the reasons for this damage was the lack of clarity in the agreement with Musk.

Source: Web Tekno

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