In the next few days, Elon Musk is set to file a lawsuit against Twitter to withdraw from a $44 billion deal. According to the New York Post, this is the billionaire’s last chance.
Sources say the businessman’s lawyers are trying to persuade the judge to give them more time to gather information about the fake Twitter accounts. As journalists noted, the prolonged legal battle could also devalue the company’s shares, which would give Elon Musk an opportunity to reconsider the cost of the platform.
Recall that at the beginning of the month the businessman changed his mind about buying a social network. The reason for the termination of the transaction was that the company representatives did not provide full information about the fake and spam accounts on the platform. Twitter owners have already sued the billionaire.
Currently, the entrepreneur is obliged to pay a $1 billion fine to the company for the failed deal.
Source: People Talk
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