September 21, 2024

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Elon Musk countersues Twitter over merger, however main points are not but public

Tesla CEO Elon Musk.

Patrick Pleul | AFP | Getty Pictures

Elon Musk countersued Twitter on Friday, intensifying the war between the Tesla CEO and the social networking corporate he agreed to shop for, however the lawsuit isn’t but to be had to the general public.

It wasn’t transparent why Musk requested the courtroom to stay main points of his countersuit confidential when the billionaire, who could also be the CEO of SpaceX, have been vocally vital of Twitter on social media and in press interviews in fresh months.

On April 25, 2022, Twitter and Musk introduced Musk would purchase the social networking corporate and take it non-public for roughly $44 billion. In a while after Musk struck the $44 billion deal, a marketplace downturn resulted in a decline in tech shares together with each Tesla and Twitter.

Quickly when they signed the deal, Musk accused Twitter of mendacity concerning the collection of junk mail and bot accounts on its platform, and denying him get right of entry to to details about their dealing with of those accounts. Musk officially mentioned he sought after to terminate the deal previous this month, and Twitter sued him within the Delaware Court docket of Chancery to power him to move via with the deal.

Musk’s felony staff filed a confidential countersuit in a Delaware courtroom on Friday, which means that a replica was once no longer to be had to the general public straight away, however a model of it may well be made public within the close to long term with delicate main points redacted.

The pass judgement on ruling at the case, Chancellor Kathaleen St. J. McCormick, on Thursday evening issued an order that set a time table together with for a five-day trial to begin on Oct. 17.