U.S. social media giant Twitter has filed a lawsuit in a local court calling for entrepreneur Elon Musk to withdraw the deal, saying it is invalid and pursuing an agreement to buy about 6 trillion yen. I did.
The conflict over the acquisition of a huge social network with more than 200 million users has been brought to court.
Earon Musk, CEO and entrepreneur of American electric car maker Tesla, has agreed to buy Twitter for a total of $ 44 billion, about 6 trillion yen in Japanese yen, but this month 8 I told the company that I would withdraw the plan on the day.
In response, Twitter filed a proceeding in a court in eastern Delaware on the 12th, saying that the withdrawal of the plan was invalid and demanded that the acquisition be carried out in line with the agreement.
The company has fulfilled all its contractual obligations in the complaint and is only an excuse for Mr. Musk's allegations that he did not provide enough information about fake accounts that did not actually lead to a decline in corporate value. I'm pointing out.
On top of that, the real reason is that after the agreement in April, the stock price fell and the burden of acquisition costs increased, and it was no longer in the personal interest of Mr. Musk.
After the proceeding, Mr. Musk made a short post in his account, "ironically," but has not made any specific comments so far.
The two sides have been in a fierce conflict so far, but the conflict over the acquisition of a huge social network with more than 200 million users per day in the world has been brought to court.