Uttar Pradesh Post
News

Twitter hires top legal firm to sue Musk for ending $44 billion deal

In the wake of Elon Musk‘s decision to terminate a 44 billion dollar takeover deal between Tesla and SpaceX, Twitter is considering legal action against him over his decision. It has been announced that the microblogging site, Twitter, has hired a large New York-based law firm in preparation for suing Musk. In the coming week, Twitter is planning to file a lawsuit in Delaware.

Twitter hires top legal firm to sue Musk for ending $44 billion dealAccording to Twitter’s chairman, Bret Taylor, the company is committed to closing the merger on the price and terms agreed upon with Musk, and plans to pursue legal action. A letter sent by Musk’s team to Twitter earlier on Saturday announced that the $44 billion Twitter purchase deal had been terminated. According to Musk, there have been multiple breaches of the purchase agreement that have caused Musk to suspend the deal.

Related posts

Sheikh Theyab bin Mohamed inaugurates track-laying works

Siddharth Bansal

Dubai enters a new era with opening of immersive digital art centre

Siddharth Bansal

UAE Ministry of Defense participates in MILEX 2021 in Belarus

Siddharth Bansal