hear the news
Expansion
A judge ruled that Elon Musk’s response to Twitter’s lawsuit over an attempt to back a $44 billion deal to buy the social media company would be made public by Friday evening. Meanwhile, there was a tussle between Twitter and Musk’s lawyers.
Elon Musk’s lawyers wanted to file a public version of their reply and counterclaim in Delaware Court. But lawyers for Twitter complained they needed more time to review and potentially revise Musk’s sealed filing. Later, the court’s Chief Justice Chancellor Kathleen St gave time till 5 pm on Friday to make it public in a teleconference.
Amidst a lot of tussle between the lawyers of both the sides in this entire matter, Twitter said that things other than the essential things should not be disclosed in this entire document. Musk’s lawyer, Edward Micheletti, wrote that Musk’s filing does not contain any confidential information that should be prevented from being known to the public.
The agreement was announced in April
In April, Elon Musk created a panic all over the world by announcing the purchase of Twitter for $ 44 billion and for this he talked about paying in cash. Then later Tesla and SpaceX owner Musk himself backed out in July, causing Twitter’s market sentiment to crash. Musk cited the lack of correct bot account information on Twitter as the reason for withdrawing from the deal.