The saga of Elon Musk’s purchase of Twitter for $44 billion finally came to a close on 27 October 2022, leaving the future of creators on the site in doubt.
According to the order from Chancellor Kathaleen McCormick of the Delaware Court of Chancery, the social media giant was ordered to collect, review, and produce documents from former General Manager of Consumer Product Kayvon Beykpour. In April, Elon Musk made a deal to acquire Twitter for $44 billion, but later abandoned the deal over the […]
On Monday, Twitter Inc accused Tesla CEO Elon Musk of attempting to “slow walk” the social media giant’s lawsuit to hold him to his $44 billion takeover. Twitter has urged a trial to take place in September to ensure deal financing remains in place. "Millions of Twitter shares trade daily under a cloud of Musk-created […]
In April, Musk reached a $44 billion deal to take over Twitter but has now withdrawn from the transaction. In a statement to the US Securities and Exchange Commission (SEC), representatives for Musk claimed Twitter had breached the terms of the agreement and “appears to have made false and misleading representations.” They said Twitter also […]
The world’s richest man is represented by US law firm Skadden, Arps, Slate, Meagher & Flom, who wrote to Twitter on June 6 accusing it of refusing to provide sufficient information on its number of false accounts. In a letter to Twitter’s chief legal officer, Vijaya Gadde, Musk’s Skadden legal team said: “Mr Musk does […]
Elon Musk has been sued by Twitter investors who claim the Tesla billionaire manipulated the company’s stock price downward as he ascends a $44 billion takeover of the social media giant. The investors, who have been asked to be recognised as a class, allege that Musk saved himself $156 million by not disclosing that he […]
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