Twitter lawyered up. The company reportedly hired Wachtell, Lipton, Rosen & Katz, a firm notable enough to have its own Wikipedia page, and a founding partner, Martin Lipton, credited with inventing the shareholder rights plan or “poison pill” defense that Twitter initially used to put the brakes on Musk’s attempted buyout.
On Friday, Elon Musk filed a document to attempt to cancel his $44 billion takeover of Twitter. In response, Twitter chairman Bret Taylor tweeted the company would pursue legal action to close the deal as agreed upon. Wachtell Lipton’s hiring, as reported by Bloomberg, suggests Twitter is serious about arguing its case in the Delaware Court of Chancery.
During an appearance at the Sun Valley Conference this weekend...
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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.