Elon Musk bails out of 44 billion $ twitter deal, Board of Directors prepare to drag him to court

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KEVORK DJANSEZIAN/GETTY IMAGES

The standing chairman of the microblogging platform Twitter, Bret Taylor says that the company’s board is preparing to drag Elon Musk to court to force his hand to carry out the pre-arranged deal.

Elon Musk withdraws from the Twitter purchase

As it appears, billionaire businessman Elon Musk is not willing to follow through with his deal to acquire Twitter, and the chairman of the social media platform Twitter Bret Taylor has proceeded to inform that the company will now be exploring legal methods to make sure Elon Musk carries out this deal.

 

On Friday, the CEO of Tesla and Space X announced that he is not interested in purchasing twitter anymore and has decided to cancel that deal, in response to Elon Musk pulling out of the deal, the Twitter board has decided that they will pursue legal action to force the hand of the Tesla Owner.

Why did Elon Musk pull out of the Twitter deal?

Currently the holder of the title of the richest man in the world, Elon musk made his intentions clear of pulling out of his deal to acquire Twitter for 44 billion on Friday, he has claimed that the social media and micro-blogging website Twitter has violated multiple agreements that were the part of the deal to acquire twitter, Bret Taylor also went ahead to say that the company will Sue Elon Musk to force his hand to go through the deal and that all the transactions are in complete agreement with the terms and conditions that were discussed earlier with the billionaire.

Elon Musk also claims that twitter is not willing to provide the details of fake accounts that operate on the website, during their earlier discussions in April, both sides had agreed to a decided fine of a billion dollars if any of them decided to back out on the deal later, but now the board of twitter is not pushing about the fine but trying make sure Elon makes the purchase.

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