THE DAILY ENCRYPT

October 4, 2022

Elon Musk Battles With Twitter as he Files His Own Lawsuit Against Them

This lawsuit was filed Friday, hours after Musk was given an order to start a trial on Oct. 17 in order to determine whether he...
Photo by mohamed_hassan

This lawsuit was filed Friday, hours after Musk was given an order to start a trial on Oct. 17 in order to determine whether he can cancel the deal. Twitter sued Musk July 12th to force him to purchase the platform for $44 billion. Musk had accepted his takeover offer in April.

Reuters reported that Elon Musk sued Twitter in his legal battle against a $44 Billion takeover. The lawsuit was confidentially filed.

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Although the document was sealed, it may soon be released in a redacted form.

The lawsuit was filed Friday, hours after Musk’s five-day trial, which was scheduled to start on Oct. 17, to determine whether he can walk away from the deal.

Musk requested to withdraw from the deal to buy Twitter on July 8. This was in response to a dispute with Twitter about the number of fake accounts. Twitter estimated that 5% were fake accounts in a May filing.

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Twitter sued Musk July 12 to force him to purchase the platform for $44 billion. This was after he accepted his takeover offer in April.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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