Posted on

Elon Musk, Twitter and a Potential Legal Battle



Share

Elon Musk may be preparing for the next chapter in his Twitter takeover journey: court.A $44 billion deal was reached in April between Mr. Musk and Twitter, and the two sides have since been working to close the deal. Mr. Musk requested information on how many Twitter accounts are bots, and Twitter has provided Mr. Musk access to its “firehose,” or stream of tweets. It has continued to share additional information with him.On Thursday, The Washington Post reported that the deal was in jeopardy, and that Mr. Musk’s team was “expected to take potentially drastic action.” The article’s claims, which could not be confirmed by the DealBook newsletter, took Twitter and its advisers by surprise, because they did not consider the deal to be in any further peril than at any other point in recent months.Mr. Musk did not respond to a request for a comment. Twitter reiterated that it intended “to close the transaction and enforce the merger agreement at the agreed price and terms.”There are many “drastic” actions Mr. Musk could take, but as it pertains to the deal, there are two clear possibilities: He could deliver a letter to Twitter saying …

Read More