[Text/Observer Network Wang Mochu]
On the evening of the 10th local time, Tesla CEO O Elon Musk posted a emoticon on Twitter to mock Twitter company, saying that he had sued himself because of Twitter, and now he had to take the initiative to disclose his false account information to the court.
Previously, Musk announced that the acquisition of Twitter's acquisition of Twitter was temporarily shelved because he questioned the authenticity of the false account data in Twitter's financial report and the Twitter side had not issued evidence to "prove his innocence". The two sides have appealed to court.
The emoticon package said, "They (firstly) said that I couldn't acquire Twitter, and then they did not refuse to disclose false account information. Now they want to force me to acquire Twitter in court, so now they have to disclose false account information in court."
As early as April 25, Twitter stated that it accepted Musk's acquisition agreement. Under the agreement, Musk will acquire Twitter for $54.2 per share, totaling about $44 billion, and is expected to complete the privatization of Twitter this year.
However, this merger and acquisition agreement has not been implemented for a long time. The problem of spam and false accounts on Twitter platform is the controversial point that hinders the advancement of the agreement.
The financial report released by Twitter on April 28 stated that "spam or false email accounts account for less than 5% of the active users of the platform", but Twitter has not issued any evidence that false accounts are less than 5%. Musk said that the proportion of fake accounts on Twitter is as high as 20%, and if the problem of fake accounts is not solved, the transaction will not continue. After
, on July 8 local time, multiple US media reported that Musk's lawyer representatives sent a letter to Twitter on the same day, saying that Musk would terminate the acquisition of Twitter's $44 billion, citing "Twitter seriously violated several clauses in the merger agreement."
Twitter's board chairman Bret Taylor responded that Twitter is still committed to completing the transaction at the previously agreed price and plans to take legal action to enforce the merger agreement. He tweeted that he was confident of winning the lawsuit with Musk.
According to Fox News Network on July 10 local time, after Tesla CEO Musk announced the termination of the acquisition of Twitter, Twitter has hired a heavyweight merger and acquisition law firm, Wachtell, Lipton, Rosen Katz LLP, to prepare to sue Musk.
It is reported that the lawyer team representing Musk sent a lawyer's letter to Twitter on the 8th, saying that in Musk's acquisition agreement worth 44 billion, Twitter "made false and misleading statements" and "violated" several terms of the original agreement, so Musk announced the termination of the acquisition agreement.
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