Musk-Twitter Buyout Fight Poses Question of Who Might Sue First

July 8, 2022, 4:54 PM UTC

Elon Musk’s escalating battle over bots with Twitter Inc. may be headed to one place if he tries to follow through on his threats to walk away from his $44 billion takeover offer: Delaware.

The Tesla Inc. co-founder and world’s richest person has said he’ll blow up his own $54.20-a-share offer over claims Twitter failed to fully disclose how much of the platform’s traffic is driven by spam and fake accounts known as bots.

Twitter, now trading below $40 a share, has countered that it’s providing Musk with that information and he’s obligated to complete the deal reached ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.