Twitter has hired a top law firm to sue Musk for ending a $44 billion deal.

In a letter sent to Twitter earlier on Saturday, Elon Musk announced the termination of a USD 44 billion Twitter purchase deal.

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Elon Musk

Twitter is considering legal action against Tesla and SpaceX CEO Elon Musk for terminating a USD 44 billion takeover deal.

According to The Hill, the microblogging site has hired the large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP in preparation for a lawsuit against Musk.

Next week, Twitter will file a lawsuit in Delaware. Meanwhile, Musk is represented by Quinn Emanuel Urquhart & Sullivan, a law firm.

Twitter’s chairman, Bret Taylor, stated on Saturday, “The Twitter Board of Directors is committed to closing the transaction at the agreed-upon price and terms with Mr. Musk and intends to take legal action to enforce the merger agreement. We are confident that we will be successful in the Delaware Court of Chancery.”

In a letter sent to Twitter earlier on Saturday, Musk’s team announced the termination of a USD 44 billion Twitter purchase deal. Musk decided to halt the transaction due to numerous breaches of the purchase agreement. According to the letter, the Tesla CEO’s team believes that the proportion of spam and fake accounts is “wildly higher” than 5%.

“As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement,” the letter said on Friday. “

“In short, Twitter has not provided information that Mr. Musk has requested for nearly two months notwithstanding his repeated, detailed clarifications intended to simplify Twitter’s identification, collection, and disclosure of the most relevant information sought in Mr. Musk’s original requests.”

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