Elon Musk challenged the head of Twitter on Saturday to publicly debate and prove the participation of false accounts in the social network, a point of disagreement raised by the American billionaire to withdraw his purchase offer, starting a legal battle.
Elon Musk had signed a $44 billion deal to buy the social network, before unilaterally breaking it in early July. He believes that Twitter lied about the proportion of automated and spam accounts on its platform, and even claims that the social network has “frauded” by deliberately increasing the number of monetizable accounts.
court battle
A legal battle is now underway. A trial is scheduled to open on October 17 before the Delaware Court of Chancery, a court specializing in commercial law, and will last five days. In fact, Twitter has sued the richest man on the planet to force him to fulfill his promise. The latter counterattacked before the same court, with a complaint in which he asks the court to release him from the agreement and order Twitter to pay him damages.
Previously, Twitter shareholders will meet on September 13 to authorize or not this acquisition, which would mean substantial added value for shareholders.
Source: BFM TV
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