Twitter Inc.’s lawsuit against Elon Musk over a cancelled $44 billion buyout of the social media platform is set for a five-day trial starting October 17 in Delaware, with the billionaire filing his defense and counterclaims under seal. Delaware Chancery Court Judge Kathaleen St. J. McCormick set the trial date after Musk’s lawyers claimed Twitter […]
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Elon Musk filed a motion on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial in two months should be […]
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The U.S. SEC asked Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal The U.S. SEC asked Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal The U.S. securities […]
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Twitter also said it sent Musk a formal request to approve two tailored employee retention programs in June, but he has not provided his consent Twitter also said it sent Musk a formal request to approve two tailored employee retention programs in June, but he has not provided his consent Twitter Inc is not looking […]
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Delaware courts, where the dispute between the two sides is set to be litigated, have set a high bar for acquirers being allowed to abandon their deals Delaware courts, where the dispute between the two sides is set to be litigated, have set a high bar for acquirers being allowed to abandon their deals Twitter […]
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Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter. Musk, the chief executive officer of Tesla, on Friday terminated his deal, saying Twitter […]
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Elon Musk on Friday announced terminating the $44 billion offer to buy microblogging site Twitter citing the failure of providing adequate information about the number of fake accounts. According to AFP, Musk’s lawyer Mike Ringler took to Twitter and complained that his client (Musk) waited for nearly two months to seek data on “fake or […]
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Musk said Twitter breached multiple provisions of a $44 billion merger agreement struck in April Musk said Twitter breached multiple provisions of a $44 billion merger agreement struck in April Twitter Inc employees expressed disbelief and exhaustion on Friday after billionaire entrepreneur Elon Musk said he was terminating a deal to buy the social media […]
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Elon Musk’s proposed acquisition of Twitter Inc. may fall apart over his doubts that the company is accurately reporting the number of spam bots on the service, according to a report, even as company executives reiterated the number is low and tried to better explain how they calculate the figures. Twitter has repeatedly said that […]
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Twitter Inc.’s top lawyer reassured staff Wednesday that the deal to sell the company to billionaire Elon Musk is still progressing, and that a shareholder vote will occur in late July or early August, according to people familiar with the matter.The company is just waiting for the Securities and Exchange Commission to approve its proxy, […]
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