Delaware
Musk’s about-face on Twitter shifts takeover saga to Delaware
Now that Elon Musk has determined that he doesn’t need to purchase Twitter Inc. in spite of everything, he can’t simply stroll away from the $44 billion contract. The billionaire co-founder of Tesla might want to make his case earlier than a choose in Delaware that Twitter did not uphold its aspect of a merger deal reached in April. If historical past is a information, his job gained’t be simple.
Twitter Chairman Bret Taylor vowed Friday that the social media platform will battle within the Delaware Court docket of Chancery to compel Musk to comply with by way of on his settlement, and the corporate has lawyered up in a race to sue. A submitting might come as quickly as early this week, individuals aware of the matter stated.
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