Twitter Chairman Brett Taylor said the board was committed to closing the transactions with Musk at a fixed price and terms and was planning to take legal action to implement the merger agreement.
Ever since Elon Musk tried to officially exit his $44 billion deal to buy Twitter, there has been high-voltage drama. Twitter’s general counsel has requested workers not to comment publicly on the deal.
Sean Edget, the lawyer for the company The Verge, has released a memo for Twitter employees, stating that avoid tweeting any comments about Elon Musk or the merger. Lawyer Sean Edget said that this time is full of uncertainty and your patience and commitment are appreciated that all of you have not allowed the necessary work to stop during this period.
Adgate said the Twitter board is committed to closing the transaction at a price and terms agreed with Musk and plans to take legal action to enforce the merger agreement. We are confident that we will win at The Delaware Court of Chancery.
Twitter is going to sue Elon Musk for canceling the $44 billion acquisition deal. In his tweet, Twitter’s president Brett Taylor said the board was committed to closing the transactions with Musk at a fixed price and terms and plans to take legal action to enforce the merger agreement.
Musk had stopped the deal on the actual number of spammy/fake accounts and bots on the platform and sought a reply from Twitter CEO Parag Agarwal. On Thursday, Twitter claimed that it is suspending more than 1 million spam accounts a day.
