Elon Musk is being sued by Twitter

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Twitter is contemplating legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a USD 44 billion takeover deal.

microblogging site has hired a large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Musk.

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Musk is being represented by the law firm Quinn Emanuel Urquhart & Sullivan.

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On Saturday, Bret Taylor, Twitter's chairman said, "The Twitter Board is committed to closing the transaction on the price

Terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement.

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We are confident we will prevail in the Delaware Court of Chancery."

My go to lenses:

Nikon HB-47 50mm lens

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Musk announced the termination of a USD 44 billion Twitter purchase deal in a letter sent by Musk's team to Twitter earlier on Saturday.

Musk decided to suspend the deal due to multiple breaches of the purchase agreement.

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"In short, Twitter has not provided information that Mr Musk has requested for nearly two months notwithstanding his repeated, detailed clarifications intended to simplify Twitter's identification, collection, and disclosure of the most relevant information sought in Mr Musk's original requests."

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