Musk, the chief executive of Tesla, announced on Friday that he was ending his deal to buy Twitter because the company had violated several provisions of the merger agreement.
Her stock Twitter dives about 6% in her pre-conference negotiation today as the legal dispute between him Elon Musk and the social media company is expected to be at the center of attention, since the world’s richest man pulled out of the $44 billion deal.
Musk, the chief executive of Tesla, announced on Friday that he was ending his deal to buy Twitter because the company had violated several provisions of the merger agreement.
Twitter plans to take legal action against Musk, possibly as soon as this week, to force him to complete the acquisition, people with knowledge of the matter told Reuters.
Today, Musk criticized Twitter’s stance, saying in a post that the legal battle will force the company to reveal information about spam and fake accounts to the court.
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