Twitter calls Musk merger withdrawal invalid and wrongful

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AFP New York: July 12, 2022 03:11 IST

Updated: July 12, 2022 03:40 IST

AFP New York: July 12, 2022 03:11 IST

Updated: July 12, 2022 03:40 IST

Twitter has breached none of its obligations under the Agreement, attorneys for Twitter said in a letter to Mr. Musks lawyers

Elon Musks Twitter profile is seen on a smartphone placed on printed Twitter logos. File. | Photo Credit: Reuters

Twitter has breached none of its obligations under the Agreement, attorneys for Twitter said in a letter to Mr. Musks lawyers

Twitter demanded on Monday that Elon Musk complete a proposed $ 44 billion takeover of the social media company, slamming the Tesla chiefs withdrawal of his offer as invalid and wrongful.

Twitter has breached none of its obligations under the Agreement, attorneys for Twitter said in a letter to Mr. Musks lawyers that was included in a securities filing late on Monday.

Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement.

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