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{"id":9539,"date":"2022-07-09T14:40:05","date_gmt":"2022-07-09T14:40:05","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/09\/twitter-says-its-going-to-sue-elon-musk-for-trying-to-back-out-of-the-deal\/"},"modified":"2022-07-09T14:40:06","modified_gmt":"2022-07-09T14:40:06","slug":"twitter-says-its-going-to-sue-elon-musk-for-trying-to-back-out-of-the-deal","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/09\/twitter-says-its-going-to-sue-elon-musk-for-trying-to-back-out-of-the-deal\/","title":{"rendered":"Twitter says it\u2019s going to sue Elon Musk for trying to back out of the deal"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/8\/23201004\/twitter-to-sue-elon-musk-for-backing-out-of-merger<\/a>
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Twitter\u2019s message to Elon Musk after his attempt to bail<\/a> on his $44 billion agreement to buy the company: we\u2019ll see you in court.<\/p>\n

\u201cThe Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement,\u201d tweeted Twitter\u2019s chairman, Bret Taylor<\/a>, less than an hour after Musk\u2019s legal team said he wanted out of the deal in a filing with the Securities and Exchange Commission. \u201cWe are confident we will prevail in the Delaware Court of Chancery.\u201d<\/p>\n

If you\u2019ve been following the twists and turns of this deal, it\u2019s not a surprise that Twitter plans to put up a fight. Soon after Musk said he would buy Twitter and take it private, he began laying the groundwork for why he could back out, claiming that Twitter wasn\u2019t being forthcoming<\/a> about the number of bots on the platform. Twitter has insisted to Musk and the public that it has bots under control<\/a> and that it intends to enforce the merger agreement.<\/p>\n