Elon Musk decided to buy Twitter in April but explained last week that he intended to leave the store. He believes that Twitter has violated the agreement by not responding to requests for information about fake accounts or spam accounts on the platforms, which is fundamental to its business results.
To pressure Musk to stick to the deal, Twitter sued him in a Delaware court. The court will decide whether he is still bound to complete the purchase or whether Twitter has violated its obligation to provide Musk with information he requested, giving him the right to withdraw.
“After setting up a public spectacle to put Twitter out of action, and after proposing and then signing a seller-friendly merger agreement, Musk clearly believes that he – unlike all other parties covered by Delaware contract law – is free to change, defile the company, disrupt its operations, destroy shareholder value and then leave “, it was stated in the lawsuit.