Twitter Sues Elon Musk To Compel $44B Buyout Deal

July 12, 2022 Business, Social Media

Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world’s richest person said last week he was calling off.

The lawsuit, filed in Delaware’s Court of Chancery on Tuesday, accuses Musk of hypocrisy and bad faith in his dealings with Twitter. It sets Twitter and Musk up for a lengthy, expensive and high-stakes battle in which a once-reluctant seller will try to force the hand of a now unwilling buyer.

“Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the complaint says.

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JUST IN: Twitter sues Elon Musk to force him to follow through on his deal to buy the company for $44 billion. https://t.co/CruVjFKORr

— NPR (@NPR) July 12, 2022