Twitter sues Elon Musk to force him to complete acquisition
CNN
Twitter has sued billionaire Elon Musk in an effort to force him to follow through with his deal to buy the social media company.
The lawsuit, filed in the Delaware Court of Chancery on Tuesday, comes after Musk said in a letter to Twitter's top lawyer late Friday that he wants to terminate the blockbuster $44 billion acquisition agreement.
Musk's lawyer alleged in Friday's letter that Twitter (TWTR) is "in material breach of multiple provisions" of the deal, claiming the company has withheld data Musk requested in order to evaluate the number of bots and spam accounts on the platform. Twitter's legal team hit back in a letter on Monday, calling Musk's attempted termination "invalid and wrongful," claiming that Musk himself had violated the agreement and demanding that he follow through with the deal.
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