Twitter Investors Suing Elon Musk Is Only Ratcheting Up the Takeover Tensions

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Twitter Investors Suing Elon Musk Is Only Ratcheting Up the Takeover Tensions
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As the $44 billion deal looks shaky to some, one expert notes how the world’s wealthiest man “likes to transact amongst chaos and use that to his advantage.”

in a federal court on Wednesday, accusing the world’s wealthiest man of deliberately driving down the company’s stock as part of a scheme to renegotiate his ongoing $44 billion buyout of the social media platform—yet another sign that tension may be boiling over among Twitter’s shareholders.

The lawsuit comes on the heels of a shareholder meeting this week, during which Twitter’s executives reportedlyMusk did not attend, but the Tesla CEO loomed large over the conversations, and shareholders appear to be splitting along pro-Musk and anti-Musk lines.

While it appears that Musk has not attempted to reprice his bid for Twitter, he has sowed doubt about the deal since making his initial offer,

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