Twitter Rebuts Elon Musk's Assertion That He Was Hoodwinked

Dow Jones2022-08-05

Twitter Inc. filed a response to Elon Musk's countersuit, providing a glimpse into the billionaire's case for walking away from his $44 billion takeover.

Mr. Musk's counterclaims were filed confidentially on July 29 and are still unavailable to the public. They were filed under seal, pending review by the company for possible redactions of sensitive information.

Twitter board chairman Bret Taylor said in a tweet Thursday that Mr. Musk's claims "are factually inaccurate, legally insufficient, and commercially irrelevant." He linked to Twitter's 127-page response to Mr. Musk's counterclaims and said the company looks forward to the trial in the Delaware Court of Chancery, which is scheduled for Oct. 17.

Twitter said in its response that Mr. Musk's claim that he was "hoodwinked" into signing a $44 billion merger agreement is implausible and that he doesn't have the right in the merger agreement to back out based on his concerns over the number of bots on the platforms.

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Comments

HermanL
2022-08-06
HermanL
hmm
Joyus
2022-08-05
Joyus
👍
Joyus
2022-08-05
Joyus
👍
Louis7779
2022-08-05
Louis7779
Pls like thanks
Louis7779
2022-08-05
Louis7779
Pls like thanks
4West
2022-08-05
4West
Oooooo

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