“Surprisingly, they (Twitter. -
RT
) insist on continuing this lawsuit, recklessly putting the deal at risk and endangering the interests of their shareholders,” Musk’s lawyers said in a statement quoted by CNBC.
Musk had previously notified Twitter of the termination of the deal to buy the company due to the fact that the social network did not fulfill contractual obligations.
After that, the company sued Musk to secure the acquisition of the social network by a billionaire.
Bloomberg, citing sources, reported that American businessman Elon Musk offered Twitter to resume the acquisition of the company at a price of $54.2 per share.