Twitter shouldn’t be on the identical web page as Elon Musk relating to his newly official try and again out of his proposed $44 billion acquisition of the corporate. The corporate issued a quick formal assertion concerning Musk’s merger termination try, which depends on the prodigious breeder‘s assertion that Twitter misled him concerning the extent of its bot drawback when he entered into the deal.

Twitter’s single paragraph, two sentence response learn as follows:

We’re dedicated to closing the transaction on the value and phrases agreed upon with Mr. Musk and plan to pursue authorized motion to implement the merger settlement. We’re assured we are going to prevail within the Delaware Courtroom of Chancery.

The assertion just about precisely mirrors a tweet despatched out by Twitter board chair and Salesforce co-CEO Bret Taylor, so it’s clear the method is one Twitter probably ready prematurely and had prepared for this second. They’ll in all probability do the remainder of their speaking both behind closed doorways in a negotiating room with Elon or in court docket filings with the Delaware Courtroom of Chancery.

Musk appears to be intent on urgent the bots concern and has repeatedly introduced it up before now, but it surely’s additionally attainable that is some number of “negotiating in public,” because the share worth and subsequently market worth of Twitter has declined significantly because the billionaire first introduced his intent to purchase the social community in April.

Be sure you learn extra about Musk’s facet of the story in Taylor’s article, and keep tuned for extra developments on this (sadly) endless saga.





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