Speaking of Elon Musk , the new richest man in the world. It is estimated that most people in the world have heard of his name. In the eyes of the world, he is simply a legend. Musk was born in the capital of South Africa on June 28, 1971. Not only does he have South African citizenship, he also has Canadian and American citizenship. In addition, he is not only an entrepreneur, but also an engineer and even a member of the National Academy of Engineering. Currently, he is not only the CEO of Tesla, but also the CEO and CTO of Space Exploration Company, and the chairman of the board of directors of Solar City Company. It can be said that in addition to his own excellent strength, he also wears many hats.
According to the "2021 Hurun Global Rich List " released on March 2 last year. That year, he became the world's richest man for the first time with a personal wealth of 1.28 trillion yuan. Just a few months later, in October, he became the first person in the world with a net worth of over US$300 billion. Therefore, on December 13, he was named the Person of the Year by Time magazine. For such a person who has achieved fame and wealth, he did not expect that in April this year, he would make a decision that shocked the world. That's why he plans to acquire
, the online social platform and Twitter . The matter made substantial progress on April 26. Twitter released news that they had accepted Musk’s proposed acquisition agreement. According to the agreement reached by the two parties, Twitter will be sold at a price of $54.2 per share. In other words, Musk will acquire Twitter as his own for a total price of approximately US$44 billion. And just when everyone was surprised by this amazing transaction. Things took another turn because Musk doubted the authenticity of false account data in Twitter's financial reports. So I wanted Twitter to come up with evidence to "prove my innocence." As a result, Twitter has never provided relevant evidence. So Musk announced to the public that he would temporarily put aside his relationship with Twitter and proceed with the acquisition agreement. In other words, Musk wants to unilaterally tear up the agreement.
said on Twitter that he would never let it go. It is reported that Bret Taylor, chairman of the Twitter board of directors, directly publicly stated that he would fight a legal battle with Musk. And now their company has successfully hired Watcher Lipton Law Firm. Plans to sue Musk over this, hoping this will force him to continue completing this $44 billion acquisition. Not only that, but Twitter’s existing legal team, namely Simpson Thacher and Wilson Sonsini Rosadi. It can be said that Twitter has almost gathered several law firms, which are famous for their M&A business. With such a lineup, prosecuting Musk can be called "luxury."
Faced with this battle on Twitter, Musk also began to respond. He reactivated the law firm Quinn Emanuel Urquhart & Sullivan. It is reported that this law firm was established as early as 2019. It successfully helped Musk defend against a defamation accusation. He also directly represented Musk in a shareholder lawsuit. What this lawsuit involves is a "farce" that Musk intended to privatize Tesla in 2018. It can be said that the lineup of lawyers on both sides is very luxurious. Who will be better will have to see the results in time.
