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{"id":9749,"date":"2022-07-12T14:46:46","date_gmt":"2022-07-12T14:46:46","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/12\/twitters-new-lawyers-tell-elon-musk-the-44-billion-deal-is-still-on\/"},"modified":"2022-07-12T14:46:47","modified_gmt":"2022-07-12T14:46:47","slug":"twitters-new-lawyers-tell-elon-musk-the-44-billion-deal-is-still-on","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/12\/twitters-new-lawyers-tell-elon-musk-the-44-billion-deal-is-still-on\/","title":{"rendered":"Twitter\u2019s new lawyers tell Elon Musk the $44 billion deal is still on"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/11\/23204432\/twitter-elon-musk-breach-acquisition-agreement-lawsuit<\/a>
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Twitter\u2019s high-powered lawyers from Wachtell, Lipton, Rosen & Katz<\/a> are preparing for a court battle. After Elon Musk finally filed paperwork attempting to exit a $44 billion deal to acquire Twitter last week<\/a>, they filed a letter today saying Musk\u2019s termination attempt is invalid because \u201cMr. Musk and the other Musk Parties have knowingly, intentionally, willfully, and materially breached the Agreement.\u201d<\/p>\n

Twitter is being represented by Wachtell partner William Savitt, who has represented other big companies like Anthem and Sotheby\u2019s in cases against activist shareholders.<\/p>\n

Musk says he wants out due to concerns Twitter has misrepresented the amount of bot activity on the platform<\/a> \u2014 the same problem he promised to fix \u2014 and that Twitter won\u2019t give him the necessary information to investigate those claims. Twitter insists it has given him all the information he\u2019s asked for<\/a>.<\/p>\n