today twitter has officially sued elon musk

Twitter has filed a lawsuit against Elon Musk in the Court of Chancery, Delaware with the goal of forcing the billionaire to complete a $44 billion acquisition of the company. The court will determine whether Elon Musk must continue with the acquisition or if Twitter breached its obligation to provide data requested by the buyer, allowing the Tesla boss to trigger the cancellation clause.

"Mr Musk has failed to honor his obligations to Twitter and the company's shareholders because the agreement he entered into is no longer in his personal interest," Twitter's court filing reads. his anymore. Musk clearly believes he has the freedom to change his mind, screw up the company, disrupt internal operations, destroy shareholder value, and walk away.”

At the heart of the deal is the transparency of the data provided by the company to the buyer. Elon Musk has repeatedly stated that Twitter has intentionally misled the public and that he does not believe Twitter's claims about virtual user figures.

Not long after Twitter filed the lawsuit, Mr Musk tweeted: "Oh, what an irony."

The Tesla CEO also said that the company hindered his data collection efforts. In addition, the billionaire criticized Twitter for not giving warnings before firing two key executives recently.

It is known that Elon Musk has signed a legally binding agreement with Twitter. There is a clause in the contract that allows the company to sue to force the deal through, as long as the debt the billionaire paid for the acquisition is still worth it.

Twitter is expecting a four-day trial in September. The original deadline for the sale is October 24. If the transaction is still pending approval at that time, the two parties will have another 6 months to complete the procedure.