Big tech has filed a lawsuit in the Delaware Court of Chancery, in the US, seeking compliance with the $44 billion settlement
O twitter entered this Tuesday (12.Jul.2022) with a lawsuit in the Court of Chancery of Delaware, in the United States, against the billionaire Elon Musk to complete the acquisition of US$ 44 billion of big tech.
According to the news agency AP Newswho had access to the process, the platform says that “Musk refuses to honor his obligations to Twitter and its shareholders because the deal he signed no longer serves his personal interests.”.
Twitter also accuses the CEO of Tesla and gives SpaceX to ride “a public spectacle to put Twitter in play”.
“Musk apparently believes that he – unlike all other parties subject to Delaware contract law – is free to change his mind, destroy the company, stop its operations, destroy shareholder value and walk away.”says the process.
On Friday (July 8), Musk sent a letter to the head of Twitter’s legal, policy and trust department, Vijaya Gadde, informing that he had given up on buying the company. big tech for $44 billion. Here’s the intact of the document (166 KB, in English).
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