Twitter Is Really Not Having Elon Musk’s Attempt To Back Out Of Buying It

Twitter isn’t on the a connected page as Elon Musk in terms of his newly worthy strive and abet out of his proposed $44 billion acquisition of the firm. The firm issued a fast formal assertion relating to Musk’s merger termination strive, which relies on the prodigious breeder‘s assertion that Twitter misled him about the extent of its bot declare when he entered into the deal.

Twitter’s single paragraph, two sentence response read as follows:

We are dedicated to closing the transaction on the price and phrases agreed upon with Mr. Musk and opinion to pursue lawful action to implement the merger settlement. We are confident we can prevail within the Delaware Court of Chancery.

The assertion rather noteworthy exactly mirrors a tweet despatched out by Twitter board chair and Salesforce co-CEO Bret Taylor, so it’s certain the advance is one Twitter likely prepared prematurely and had ready for this moment. They’ll maybe attain the rest of their speaking either within the abet of closed doorways in a negotiating room with Elon or in court filings with the Delaware Court of Chancery.

Musk looks to be intent on pressing the bots danger and has generally brought it up prior to now, but it completely’s additionally likely this is some fluctuate of “negotiating in public,” since the piece stamp and as a consequence of this truth market stamp of Twitter has declined considerably since the billionaire first announced his intent to hold the social community in April.

Make certain to read more about Musk’s facet of the myth in Taylor’s article, and preserve tuned for more traits on this (unfortunately) by no methodology-ending saga.