The rift between Tesla CEO Elon Musk and Twitter appears to have truned right into a full-blown warfare. In response to a report in Enterprise Insider, Musk accused Twitter’s attorneys of making an attempt to ‘trigger hassle’ by asking for information on how he did finance the deal to purchase the corporate.
In response to the report, Musk texted CEO Parag Agrawal and CFO Ned Segal on June 28, saying “Your attorneys are utilizing these conversations to trigger hassle. That should cease.” Musk’s texts are mentioned to be in response to Twitter’s resolution to hunt info from Musk on how he had deliberate to finance his supply to purchase Twitter for $44 billion.
Twitter has filed a lawsuit towards Musk for backing out from the acquisition deal. In a lawsuit filed, attorneys for Twitter have accused Musk of “refusing to honor his obligations.” They’ve termed Musk’s transfer as “invalid and wrongful.” The go well with has been filed in Chancery Court docket in Delaware, the place Twitter is included.
What Elon Musk mentioned on not shopping for Twitter
Musk’s authorized representatives Skadden, Arps, Slate, Meagher & Flom LLP despatched a letter to Twitter’s chief authorized officer Vijaya Gadde final week the place they accused Twitter of failing to adjust to its obligations to reveal the variety of faux accounts. “Twitter has not complied with its contractual obligations. For almost two months, Mr Musk has sought the information and knowledge essential to ‘make an impartial evaluation of the prevalence of pretend or spam accounts on Twitter’s platform’,” says the letter.
“Twitter has failed or refused to supply this info. Generally Twitter has ignored Mr Musk’s requests, typically it has rejected them for causes that seem like unjustified, and typically it has claimed to conform whereas giving Mr Musk incomplete or unusable info,” the letter added.
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