This Friday Elon Musk announced that he is pulling out of the Twitter deal, but that doesn’t mean that it is over. Reuters reports that Twitter has hired law firm Wachtell, Lipton, Rosen & Katz LLP as it intends to sue Musk and force him to close the $44 billion acquisition.
The thing is that Musk signed a legally binding agreement in April, according to which he is obligated to acquire the company at $54.20 per share (with this agreement he also waved his right to due diligence).
However, Musk soon got cold feet and announced in May that the deal is on hold. This was so he could…
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