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.
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
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.
Republican Elon Musk has terminated his Twitter deal. What did Elon gain from this charade? Nothing. His Tesla stock plummeted, he lost every liberal customer, and he embarrassed himself on the global stage. Another MAGA conman who failed to deliver on his promise. Good riddance!
— Dash Dobrofsky (@DashDobrofsky) July 8, 2022
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.
The people who believed Elon Musk was gonna buy Twitter are the same people still waiting on Trump’s healthcare plan.
— 𝐁𝐞𝐤𝐬 (@antifaoperative) July 8, 2022
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.
Elon Musk likes to do two things on Friday nights:
1. Knock up employees
2. Pull out of Twitter
— Don Winslow (@donwinslow) July 9, 2022