Twitter sues Elon Musk for failing to complete purchase agreement

Twitter sues Elon Musk for failing to complete purchase agreement

Musk refuses to fulfill his obligations to Twitter, the lawsuit says (Picture: Getty/Rex)

Twitter has sued Elon Musk as part of a bitter feud over his failure to complete a purchase agreement from the social media website.

the billionaire pulled the plug on its $44 billion deal on Friday.

Now a lawsuit has been filed in the Delaware’s Court of Chancery.

The lengthy document refers to alleged correspondence from Mr. Musk as well as several tweets from the billionaire.

A series of memes posted by the Tesla owner are even mentioned.

Musk is refusing to honor his obligations to Twitter and its shareholders because the deal he signed no longer serves his personal interests.

“Musk apparently believes that—unlike any other party subject to Delaware contract law—he is free to change his mind, destroy the company, disrupt operations, destroy shareholder value, and walk away.”

The lawsuit includes tweets from Mr. Musk referencing Twitter (Image: Delaware Court of Chancery)

The complaint ends with the last sentence “Twitter has suffered irreparable harm and will continue to suffer as a result of defendants’ violations.”

Bret Taylor, the chairman of the board of the social media company, tweeted Tuesday that the board has filed a lawsuit “to hold Elon Musk accountable for his contractual obligations.”

Mr Musk had initially hinted that he was withdrawing from the deal, equivalent to £37bn, in April.

In response, the social media giant had threatened to sue the Tesla and… SpaceX CEO and previously said the company was “confident” it would win in the courts.

The court in Delaware regularly handles business disputes between the many companies, including Twitter, based there.

Mr Musk withdrew from the Twitter purchase deal on Friday in a dramatic move (Picture: Getty Images)

Mr. Musk has long had problems with the number of spam accounts on the site.

The billionaire’s lawyers had previously claimed that Twitter had “failed to fulfill its contractual obligations,” adding that they had not been given any business information that Musk had requested.

The mogul previously tweeted that one of his biggest priorities after the Twitter takeover is to “beat the spam bots or die trying.”

But the company has told reporters that it blocks about a million spam accounts every day.

Mr. Musk also alleges that Twitter broke the acquisition agreement when it fired two top executives and fired a third of its talent acquisition team.

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