Twitter Hits Back at Musk, Suing to Force $44 Billion Buyout (2)

July 12, 2022, 11:40 PM UTC

Twitter Inc. sued Elon Musk over his abandoned $44 billion takeover bid, accusing the billionaire of having buyer’s remorse after his fortune declined.

Lawyers for Twitter told a Delaware judge that the world’s richest man should be forced to honor his agreement to pay $54.20 a share for the San Francisco-based social-media platform. Musk abandoned the deal Friday, citing in part concerns about the number of fake accounts among users.

The filing sets up what will be a closely watched court battle between Musk and Twitter, a communications tool that the billionaire favors but where his missives have previously gotten ...

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