United States: by accepting the purchase of Twitter, Elon Musk puts an end to legal proceedings

Elon Musk (our photo) finally agrees to buy Twitter to end the lawsuits.

AP - Susan Walsh

Text by: RFI Follow

1 min

Elon Musk finally agrees to buy Twitter to end the lawsuits.

At the beginning of July 2022, the boss of Tesla had terminated the agreement to buy the social network for an amount of 44 billion dollars.

The lawsuit, brought by Twitter, to force Elon Musk to honor his promise to buy back, scheduled for October 17, will therefore not take place.

Why this reversal?

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For many specialists,

avoids a defeat, because his chances of winning against Twitter were very low.

The preliminary hearings of the trial have, in fact, highlighted the weakness of the arguments of Elon Musk's lawyers.

With the risk for the billionaire, of being obliged to redeem, or of having to pay a colossal fine.

During these hearings, the judge of the specialized court of Delaware, took the side of Twitter, on several occasions.

Because Elon Musk's lawyers have struggled to substantiate the accusations on the number of fake accounts opened on the social network.

“Shielded” contract

The businessman accused Twitter of having lied about the number of fake accounts among its users.

But the two experts hired by the Musk camp, made insufficient conclusions.

For its part, Twitter has always recognized that 5% of its users are robots.

Will Elon Musk finally become the owner of the social network?

The ball is now in the court of Twitter, which will require, this time, a "shielded" contract.

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