Elon Musk countersues Twitter over merger, filing confidential

Tesla CEO Elon Musk.

Patrick Pleul | AFP | Getty Images

Elon Musk sued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public.

It was not clear why Musk asked the court to keep details of his counterclaim confidential, when the billionaire, who is also the CEO of SpaceX, had been critical of Twitter on social media and in press interviews in recent months.

On April 25, 2022, Twitter and Musk announced that Musk would buy the social networking company and take it private for about $44 billion. Shortly after Musk landed the $44 billion deal, a market slump sent tech stocks including Tesla and Twitter down.

Shortly after they signed the deal, Musk accused Twitter of lying about the number of spam and bot accounts on its platform, and denied him access to information about handling those accounts. Musk formally said he wanted to complete the deal earlier this month, and Twitter sued him in Delaware Court of Chancery to force him to comply with the agreement.

Musk’s legal team filed a confidential counterclaim in a Delaware court on Friday, meaning a copy was not immediately available to the public, but a version of it could be made public in the near future with sensitive details of edited.

The judge who ruled on the case, Chancellor Kathaleen St.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *