A court in Delaware will oversee the legal battle pitting Elon Musk against Twitter in a dispute over his $44 billion offer to buy the company. The Tesla CEO says he can back out of because Twitter is in breach of contract over spam account issues and staffing changes. Twitter counters that Musk is trying to bail because the deal no longer suits his “personal interests.”
Elon Musk has amassed a world-leading personal fortune thanks to his dogged pursuit and execution of disruptive commercial technology advancements. However, it appears that Musk could be headed for a rare comeuppance as he attempts to escape his $44 billion contract to buy social media giant Twitter.
Twitter Inc.’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but powerful Delaware court that specializes in high-stakes business disputes
EXPLAINER: Twitter, Musk and the Delaware Chancery Court - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.