Twitter is suing Elon Musk to compel him to complete the transaction

Twitter is suing Elon Musk to compel him to complete the transaction


Twitter launched lawsuits on Tuesday against Elon Musk to force the boss of Tesla to keep his commitment to buy the social network according to the terms agreed at the end of April, which valued the Californian group at 44 billion dollars, according to a document consulted by AFP. 

A judge from a court specializing in business law in the state of Delaware (eastern United States) will therefore have to determine whether or not the multi-billionaire can terminate the acquisition agreement, which provides for billion-dollar breakup.

'Elon Musk's exit strategy is a model of hypocrisy' and a 'model of bad faith,' lawyers for the platform say.

“He claimed to + suspend + the agreement while waiting to meet imaginary conditions, failed in his obligation to find financing (…), breached his duty of confidentiality (and) used confidential information for bad purposes”, detail -they.

Mr. Musk “did not employ the means necessary to complete the acquisition”, they add, after two months of often aggressive exchanges between the buyer and the executives of the coveted company.

To justify the unilateral decision to end the agreement, Elon Musk's lawyers assured Friday that Twitter had not provided all the information requested on inauthentic accounts active on the network and had minimized the number of spam messages. /p>

But for the bluebird, “Musk's behavior simply confirms that he wanted to get out of a contract he signed freely, and harm Twitter at the same time”.

Friday, the chairman of the board of directors (CA) of the platform, Bret Taylor, had warned that the CA was “determined to conclude the transaction at the price and on the terms agreed” and intended to prevail in front of the courts.

The whimsical entrepreneur took a stake in Twitter at the start of the year, before announcing his intention to buy the platform, which he considers to be too “censored”, in the interest according to him of democracy.

He has since multiplied the attacks and mockery against the network, on which it has more than 100 million subscribers.

“Twitter has suffered and will continue to suffer irreparable damage as a result of the violations” of Elon Musk, say lawyers for the San Francisco-based company .