Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put its $44 billion (about R750bn) merger lawsuit on trial in September, instead asking to push it back until next year. In a court document cited by US media, Musk’s lawyers accuse Twitter’s board of directors of wanting to expedite the case.
Twitter on Tuesday sued Musk for breaching the contract he signed to buy the tech firm, calling his exit strategy “a model of hypocrisy.
The suit, filed in the US state of Delaware, urges the court to order the billionaire to complete his deal to buy Twitter, arguing that no financial penalty could repair the damage he has caused.
The social media giant wants to hold the trial in September, in order not to prolong the period of uncertainty threatening the company. But last week, after weeks of threats, Musk tried to pull the plug on the deal, accusing Twitter of “misleading” statements about the number of fake accounts.
That set the stage for a potentially lengthy court battle with Twitter, which has defended its fake account oversight and vowed to force Musk to complete the deal, which contained a $1bn break-up fee.
The social network says the number of fake accounts is less than 5%, a figure challenged by Musk, who says he believes it is much higher.
Source: eNCA
In other news – David Beckham partners with Netflix on documentary series
David Beckham has announced that he is the subject of a new Netflix docuseries, which takes an in-depth look at his career in football and his family life.
The famous sportsman will reflect on his illustrious time as England captain, his charity work and his family life with Victoria Beckham and their increasingly well-known children. Learn more
