Twitter sues Elon Musk and the billions of dollars flown away

Twitter officially attacks Musk for breach of contract, while the billionaire refuses to pursue the takeover of the platform.

Announced on April 25, the takeover deal would cost Musk $44 billion.

Twitter attacks, Musk quips

The lawsuit was filed against Musk to enjoin him to meet his obligations and proceed with the acquisition. According to Twitter, the world’s richest man has refused to honor the terms of the contract he signed on April 25. The legal proceedings are intended to force Musk to respect the contract, and therefore to pursue the takeover, even if its future owner no longer wants Twitter.

In response, Musk tweeted in a scathing tone: “Oh how ironic, lol,” he wrote. In the complaint, Twitter criticizes Musk for his casual attitude and accuses him of hypocrisy. The platform even seems to think that Musk never really wanted to buy Twitter and has been looking for a way out from the start.

A straight to the point complaint

In the complaint, Twitter draws a manipulative and hypocritical Musk. According to them, the entrepreneur only raised the issue of fake accounts after the signature of the deal. Musk apparently didn’t ask any questions about the matter until late April, and even agreed to remove the condition that would have allowed him access to this information after the signing.

Musk doesn’t seem to take it seriously: he tweets hilarious memes of himself, or responds with emojis. Meanwhile, Twitter is defending itself, showing that the platform provided Musk with more information than originally provided for in the takeover contract.

The terms of the complaint are unequivocal: Musk put on a public show against Twitter […] and apparently believes he is free to change his mind, ruin the company, disrupt its operations, destroy stock value, and walk away. The trial is expected to take place in the first days of September, as the buyout agreement expires on October 24.

Sources: 9to5Mac, The Verge