Twitter plans to sue following Musk’s withdrawal from $44bn takeover

Twitter plans to sue following Musk’s withdrawal from $44bn takeover

City A.M.

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Twitter has announced it will sue Elon Musk if he refuses to go ahead with his $44bn takeover. Chairman Bret Taylor said the company’s board was “committed to closing the transaction” agreed upon with the serial entrepreneur and it would plan “to pursue legal action to enforce the merger agreement.” Under the agreement’s terms, Musk [...]

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