Twitter cmo, Social networking service

Tesla CEO Elon Musk was quick enough to react to a lawsuit filed against him by Twitter for breaching the USD 44 billion contract.Minutes after news surfaced online that Twitter has sued him, Musk took to the microblogging site and just simply tweeted, "Oh the irony lol."Without mentioning anything about the lawsuit, It's somehow clear that Musk has referred to the ongoing controversy, especially considering that, back in April, Twitter reportedly did not even want to go through with the deal.As per The Verge, the lawsuit was filed in Delaware's Court of Chancery on Tuesday, accusing Musk of hypocrisy."Twitter brings this action to enjoin Musk from further breaches, to compel Musk to fulfill his legal obligations, and to compel consummation of the merger upon satisfaction of the few outstanding conditions," Twitter wrote in the lawsuit.The lawsuit marks the beginning of what could be a protracted legal battle as Twitter seeks to hold Musk to his deal to pay USD 54.20 per share for the company.Twitter, which is being repped by M&A powerhouse law firm Wachtell, Lipton, Rosen & Katz, alleged that Musk looked for an escape from the deal, which required a "material adverse effect" or breach of contract."Musk had to try to conjure one of those," the lawsuit stated.Musk announced the termination of a USD 44 billion Twitter purchase deal in a letter sent by Musk's team to Twitter last week. Musk decided to suspend the deal due to multiple breaches of the purchase agreement.In April, Musk reached an acquisition agreement with Twitter at USD 54.20 per share in a transaction valued at approximately USD 44 billion. However, Musk put the deal on hold in May to allow his team to review the veracity of Twitter's claim that less than 5% of accounts on the platform are bots or spam.Back in June, Musk had openly accused the microblogging website of breaching the merger agreement and threatened to walk away and call off the acquisition of the social media company for not providing the data he has requested on spam and fake accounts.A few days ago, Musk ridiculed Twitter for initiating a legal battle to force him to purchase the company. Musk tweeted four images of him laughing, "They said I couldn't buy Twitter. Then they wouldn't disclose bot information. Now they want to force me to buy Twitter in court. Now they have to disclose bot information in court."( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Twitter CmoFOLLOW

Twitter cmo, Latest News

Chennai, July 14 Director Mysskin's much-awaited horror thriller 'Pisasu 2', featuring actress Andrea Jeremiah in the lead, will ... ...

Hundreds of protestors from the Kaka Tribe took to the national highway of Pakistan's Sindh province to protest against the killing of a youth, Balal Kala, who was shot dead by Pathans at a restaurant over a food bill during Eidul Adha. ...

New Delhi, July 13 After a leaked trove of internal Uber documents revealed that the ride-hailing platform allegedly ... ...

Kolkata, July 13 West Bengal Governor Jagdeep Dhankhar on Wednesday launched a scathing attack on the state government ... ...

Los Angeles, July 13 'Star Wars' legend Mark Hamill has revealed that creator George Lucas 'didn't care' how ... ...

San Francisco, July 13 Former US President Donald Trump incited the violence at the Capitol Hill on January ... ...

New Delhi, July 13 India has "categorically denied baseless and speculative media reports" that it facilitated Sri Lankan ... ...

Tesla CEO Elon Musk was quick enough to react to a lawsuit filed against him by Twitter for breaching the USD 44 billion contract. ...