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Notices tagged with musk, page 2
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https://www.reuters.com/technology/twitter-sues-elon-musk-hold-him-44-bln-merger-2022-07-12/ [www reuters com] It is official. #Twitter is suing Elon #Musk to enforce the purchase agreement.
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https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2022-07-08/ [www reuters com]
Elon #Musk finally backs out of the deal to purchase #Twitter, citing unresolved questions about #bots and #spammers.
> "I'd say Twitter is well-positioned legally to argue that it provided him with all the necessary information and this is a pretext to looking for any excuse to get out of the deal," said Ann Lipton, associate dean for faculty research at Tulane Law School.
Now, I don't know whether this person has expertise in contract law and has read the agreement, so I cannot guess as to the result of the legal battle that will come out of this.
> In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance.
> "Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement," the filing said.
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https://www.independent.co.uk/tech/twitter-elon-musk-buy-company-b2064819.html [www independent co uk]
#Twitter may be ready to accept #Musk's offer
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Elon #Musk not joining #Twitter's board after all. https://nu.federati.net/url/285820 [www msnbc com]
I suspect it is because they reminded him that as a board member, he would have a fiduciary duty to act in the interests of all shareholders, not just himself, and that he could face restrictions on what he could say & write.
Sure, the 14.9% cap probably also bugs him. I just don't think that was enough to dissuade him. While the fiduciary duty is something he may have had trouble with in the past.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
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