Friday, 24 March, 2023

Elon Musk pulls out of $44B acquisition, Twitter pledges legal action

<p>Twitter will file a lawsuit against Elon Musk to enforce the terms of the $44 B agreement to acquire the microblogging platform. Musk on Friday pulled out of the deal to take&nbsp;Twitter private. &quot;The Twitter Board is dedicated to completing the merger at the price and conditions negotiated with Mr. Musk, and it intends to take legal action to make sure the merger agreement is upheld. We are sure that we will win in the Delaware Court of Chancery, &quot;Bret Taylor tweeted.</p>