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Twitter dismisses Elon Musk's claims that he was hoodwinked to buy the company

Twitter dismisses Elon Musk's claims that he was hoodwinked to buy the company

India Today
Friday, August 05, 2022 02:43:31 AM UTC

Twitter on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company.

Twitter Inc on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact."

Musk made the claims in a countersuit filed under seal last Friday, which was made public on Thursday.

"According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds," the filing released by Twitter on Thursday said.

Twitter's filing is the latest salvo in what is building up to be an increasingly acrimonious legal showdown between the world's richest person and the social media giant.

The two sides head to trial on Oct. 17 after Musk sought to abandon his deal to acquire Twitter over what he says is a misrepresentation of fake accounts on the site.

ALSO READ | Elon Musk slaps Twitter with countersuit over $44 billion buyout

The San Francisco-based company is trying to force Musk to follow through on the deal and accuses him of sabotaging it because it no longer served his interests.

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