Illustration by Kristen Radtke / The Verge; Getty Images
Today, a Delaware court ruled that Twitter’s lawsuit against Elon Musk for attempting to back out of his acquisition of the company will be heard in October. This is a win for Twitter, which asked for a shorter timeframe than Musk.
Musk agreed to buy Twitter for $44 billion in April but then appeared to get cold feet about the deal. Despite having waived his ability to do “due diligence,” or research on the company he was planning to acquire, he claimed that Twitter had too many bots. He then tried to terminate the agreement. In response, Twitter sued to hold him to the purchase.
During oral arguments before the judge, Chancellor Kathaleen McCormick, Twitter claimed that Musk’s bot arguments were bad-faith attempts to back out of the...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.