Twitter Sues Elon Musk to Prevent Him from Backing Out of Buyout Deal, Slams Billionaire's Behavior
Elon Musk.Photo: Randy Shropshire/Getty Images Twitter launched a lawsuit against billionaireElon Muskon Tuesday to “compel” his completion of a $44 billion buyout of the company. “In April 2022, Elon Musk entered into a binding merger agreement with Twitter, promising to use his best efforts to get the deal done,” Twitter said in the complaint, filed in the Delaware Court of Chancery on Tuesday. “Now, less than three months later, Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” it continued....