Deadline reports:
Lawyers for Twitter called Elon Musk’s planned termination of his $44 billion takeover of the social media firm “invalid and wrongful” in a letter disclosed to the SEC after the close of today’s trading. Twitter shares slumped 11% to close at $32.65, well below the $54 a share that Musk had agreed to pay in the spring.
Continuing his jabs at Twitter via the very same social media platform, Musk tweeted to his nearly 101 million followers a caption-less image of a valkyrie, a figure from Norse mythology known for guiding the souls of deceased warriors. The post went up just after Twitter’s filings and official legal demands became public.
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— Elon Musk (@elonmusk) July 11, 2022
Elon Musk Twitter Deal Is “Not Terminated,” Tech Firm’s Lawyer Insists; Stock Falls 11% As Tesla Founder’s Meme Mockery Continues https://t.co/CmYxWHiSLt
— Deadline Hollywood (@DEADLINE) July 11, 2022