Lawyers for Twitter are using Tesla CEO Elon Musk’s text messages to try to convince a Delaware judge that the billionaire wants to abandon his agreement of 44,000 million dollars to acquire the company due to buyer’s remorse, rather than concern for the spam or the accounts bot of the social network.
Bill Savitt, a Twitter lawyer, brought up a text message between Musk and one of his bankers as evidence during a hearing in the Court of Chancery on Tuesday. In the message, May 8Musk asked the banker to slow down the deal process until after Russian President Vladimir Putin gave a speech the next day, during which the president defended his decision to invade Ukraine.
“It won’t make sense to buy Twitter if we go to the Third World warMusk wrote. He had already agreed to buy Twitter for $44 billion two weeks earlier.
Tuesday’s hearing before Delaware Chancery Judge Kathaleen St. J. McCormick focused on Musk’s request to delay the trial, now set for Oct. 17, following accusations by a whistleblower that Twitter misled to investors about the spam and the accounts of bot, a claim that is at the heart of Musk’s push to get out of the deal. The judge is expected to rule on the matter later this week.
The San Francisco-based social network is trying to force Musk to complete his purchase proposal. after he backed out of the dealclaiming that Twitter had not given him the required information about the veracity of the accounts.
Twitter argues that the reason Musk is walking away from his acquisition of the social media company is due to the bad market environmentdue in part to Putin’s war in Ukraine.
Musk, for his part, maintains that fake users and accounts of spam They make up a much larger part of Twitter’s daily active user base than the company lets on, giving it reason to cancel its planned acquisition.
We would love to give thanks to the author of this short article for this amazing material
Musk suggested stopping the agreement with Twitter in case “World War III” broke out