On Tuesday, Twitter sued the Tesla and SpaceX founder and asked a Delaware court to order him to complete the original merger.
Musk did not immediately respond to a request for comment.Elon Musk’s Twitter deal prompts free speech debateCalling himself a "free speech absolutist," Elon Musk’s Twitter takeover deal is reigniting the debate around freedom of speech on social media platforms. Some fear that under Musk’s ownership, Twitter could be exploited as a platform to spread disinformation and monitor critics.
The lawsuit accused Musk of "a long list" of violations of the merger agreement that "have cast a pall over Twitter and its business." Shares in the social media platform tumbled to $34.06 on Tuesday from above $50 when the deal was accepted by Twitter's board in late April.Musk said he was terminating the merger because of the lack of information about spam accounts and inaccurate representations that he said amounted to a "material adverse event."
He also said executive departures amounted to a failure to conduct business in the ordinary course, as Twitter was obligated to do. Twitter said it negotiated to remove from the merger agreement language that would have made such firings a violation of ordinary course requirement.
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