Washington: The feud between Tesla CEO Elon Musk and Twitter is taking many turns. According to new reports, Elon Musk recently, but before walking away from the deal, sent a message to Twitter CEO Parag Agrawal on June 28, informing him that the company’s lawyers were trying to “cause trouble” after seeking information about the financial details. that Musk planned to complete the acquisition of Twitter. “Your lawyers are using these conversations to stir up trouble. This has to stop,” Musk’s text reportedly read. Musk sent the specific message after Twitter asked Musk how he would finance the deal with Twitter. A few days ago, Twitter sued Musk after he decided to back out of the $44 billion acquisition deal. According to The Verge, the lawsuit was filed in Delaware Superior Court on Tuesday, accusing Musk of hypocrisy.” of the few outstanding conditions,” Twitter wrote in the lawsuit. The lawsuit marks the beginning of a protracted legal battle, as Twitter is trying to hold Musk to his agreement to pay US$54.20 per share for the company.Twitter, which is represented by high-powered M&A law firm Wachtell, Lipton, Rosen & Katz, claimed that Musk was looking for an escape from the agreement, which required “material adverse effect” or breach of contract.” Musk should have tried to create one of those,” the lawsuit said. Musk announced the termination of the Twitter purchase agreement in a letter sent by Musk’s team on Twitter earlier this month. Musk decided to suspend the deal due to multiple violations of the purchase agreement. In April, Musk reached an acquisition deal with Twitter at $54.20 per share in a transaction valued at about $44 billion. However, Musk put the deal on hold in May to allow his team to review the veracity of Twitter’s claim that less than 5 percent of accounts on the platform are bots or spam. In June, Musk had openly accused the microblogging site of violating the merger agreement and threatened to walk away and cancel the acquisition of the social media company for not providing the data he requested on spam and fake accounts. Musk claimed that Twitter is “actively resisting and obstructing his information rights” as outlined in the agreement, CNN reported, citing a letter he sent to Twitter’s head of legal, policy and trust, Vijay Gand. Musk has asked Twitter to hand over information about its testing methodologies to back up its claims that bots and fake accounts make up less than 5 percent of the platform’s active user base, a number the company consistently states here and years on boilerplate public disclosures.

title: “Elon Musk Texts Twitter Ceo About Lawyers Ahead Of Exit Deal Report " ShowToc: true date: “2022-11-01” author: “Dee Seger”

Washington: The feud between Tesla CEO Elon Musk and Twitter is taking many turns. According to new reports, Elon Musk recently, but before walking away from the deal, sent a message to Twitter CEO Parag Agrawal on June 28, informing him that the company’s lawyers were trying to “cause trouble” after seeking information about the financial details. that Musk planned to complete the acquisition of Twitter. “Your lawyers are using these conversations to stir up trouble. This has to stop,” Musk’s text reportedly read. Musk sent the specific message after Twitter asked Musk how he would finance the deal with Twitter. A few days ago, Twitter sued Musk after he decided to back out of the $44 billion acquisition deal. According to The Verge, the lawsuit was filed in Delaware Superior Court on Tuesday, accusing Musk of hypocrisy.” of the few outstanding conditions,” Twitter wrote in the lawsuit. The lawsuit marks the beginning of a protracted legal battle, as Twitter is trying to hold Musk to his agreement to pay US$54.20 per share for the company.Twitter, which is represented by high-powered M&A law firm Wachtell, Lipton, Rosen & Katz, claimed that Musk was looking for an escape from the agreement, which required “material adverse effect” or breach of contract.” Musk should have tried to create one of those,” the lawsuit said. Musk announced the termination of the Twitter purchase agreement in a letter sent by Musk’s team on Twitter earlier this month. Musk decided to suspend the deal due to multiple violations of the purchase agreement. In April, Musk reached an acquisition deal with Twitter at $54.20 per share in a transaction valued at about $44 billion. However, Musk put the deal on hold in May to allow his team to review the veracity of Twitter’s claim that less than 5 percent of accounts on the platform are bots or spam. In June, Musk had openly accused the microblogging site of violating the merger agreement and threatened to walk away and cancel the acquisition of the social media company for not providing the data he requested on spam and fake accounts. Musk claimed that Twitter is “actively resisting and obstructing his information rights” as outlined in the agreement, CNN reported, citing a letter he sent to Twitter’s head of legal, policy and trust, Vijay Gand. Musk has asked Twitter to hand over information about its testing methodologies to back up its claims that bots and fake accounts make up less than 5 percent of the platform’s active user base, a number the company consistently states here and years on boilerplate public disclosures.