The social media site is threatening the multi-billionaire with legal action after his U-turn.
Shares in Twitter fell on Monday after Elon Musk announced he was pulling out of a $44bn deal to buy the social media platform.
It is the first time investors have been able to react to Mr Musk announcement on Friday that he wanted to pull out of the deal. Twitter has hired New York's Wachtell Lipton Rosen & Katz, which is one of the world's leading corporate law firms. The businessman had asked for evidence to back the company's assertion that spam and bot accounts make up less than 5% of its total users. Mr Musk believes that spam or bot accounts could make up to 20% or more of users.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Twitter hires Wachtell legal firm to sue Elon Musk for ending $44bn acquisition\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Læs mere »
Twitter hires Wachtell legal firm to sue Elon Musk for ending $44bn acquisition\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Læs mere »
API rate limits at core of Musk’s decision to ditch TwitterClaims he got less access to data than paying customers and was forced to endure the indignity of a PDF
Læs mere »
Musk and Twitter lawyer up for battle in Delaware courtTwitter will fight in the Delaware Court of Chancery to compel Musk to follow through on his agreement to buy the company
Læs mere »