After being officially prosecuted by Twitter, Musk pushed back and said: "It's ironic, haha"

Author:Global Times Time:2022.07.14

[Global Times Comprehensive Report] Disputes between social platform Twitter Twitter and Tesla CEO Mask have made new progress. According to the BBC report on the 13th, Twitter has officially sued Musk in the Travist State Court of the United States on the 12th local time, asking the world's richest man to complete the acquisition of Twitter according to contract.

Musk Information Map

The complaint submitted by Twitter stated that Musk was unwilling to perform the acquisition agreement from personal interests, damaged Twitter interests, asked the court to hear the case as soon as possible, held a hearing in September, and promoted the acquisition in October to complete. In this regard, Musk pushed back on the 12th: "It's ironic, haha." Musk announced the termination of the acquisition last Friday. False account information gives appropriate answers. According to the previous "seller friendly" agreement, Musk agreed to acquire Twitter for $ 44 billion, and the breach of contract will bear up to $ 1 billion in "breakup fees".

Some analysts believe that this lawsuit may end with a settlement of both parties. The form of reconciliation may be that Twitter reduces the sale price or Musk pays a certain amount of "breakup fee". (Zhen Xiang)

- END -