China News Service, July 13. According to Agence France-Presse, on the 12th local time, Twitter officially filed a lawsuit against Tesla CEO Elon Musk.
Data map: Musk.
Twitter is suing Musk for breach of an acquisition contract, calling his exit strategy a "model of hypocrisy" and asking him to buy the social media company for $44 billion, court documents show.
Twitter said any fines would not compensate for the damage he (Musk) caused and that "Musk's actions demonstrate that he wants to evade a binding contract he freely signed and damage Twitter in the process." , "Twitter has suffered and will continue to suffer irreparable damage as a result of the defendants' actions."
Shares in Twitter rose slightly in after-hours trading following the news, Agence France-Presse reported.
On the 12th, Musk tweeted, "Oh, that's ironic, hahahaha."
According to previous reports, on the 8th local time, Musk’s lawyer said in a letter to Twitter’s chief legal officer that Musk would terminate the acquisition of the company because Twitter violated various terms of the acquisition agreement.
Under the terms of the agreement, Musk would have to pay $1 billion if he pulled out of the acquisition.