Twitter sues Elon Musk for terminating $44 billion deal
Twitter Inc (NYSE: TWTR) on Tuesday filed a lawsuit against Elon Musk after the billionaire said he is seeking to terminate the $44 billion deal to buy the company
By Shubhangi Mathur
Published - Jul 12, 2022, 07:33 PM ET
Last Updated - Mar 11, 2024, 10:37 AM EDT
• The company urged the court to order Musk to complete the merger
Twitter Inc (NYSE: TWTR) on Tuesday filed a lawsuit against Elon Musk after the billionaire said he is seeking to terminate the $44 billion deal to buy the company.
The company urged the Delaware Court to order Musk to complete the merger at the agreed $54.20 per Twitter share.
According to the lawsuit filed in the Delaware Court of Chancery, Twitter said Musk “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
