Twitter has decided to sue Tesla and SpaceX CEO Elon Musk over the cancellation of the $44 billion deal. Twitter has hired a New York law firm to indict Elon Musk. The suit will be filed next week.
On Saturday, Twitter chairman Brett Taylor said the company’s board would take legal action to enforce the merger agreement. Elon Musk decided to cancel the deal, alleging fraud in the Twitter purchase agreement.
On Saturday, Twitter Chairman Brett Taylor said that the Twitter board is determined that Elon Musk will pay the amount decided under the deal and we will take legal action to complete the Twitter deal. We are confident that the court will decide in our favor.
Elon Musk believes that the number of fake and spam accounts on Twitter is very high, it is more than 5 percent. The letter said that Twitter did not provide the information that Musk had asked for from the company.
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