New York, July 15: Tesla company owner Elon Musk has pulled out of a $44 billion deal. After this, Twitter has sued the world’s richest man and Tesla CEO Elon Musk. It will be called the drama of the tech industry, that once again there is a tussle between Elon Musk and the CEO of Twitter. According to the information, before canceling the deal, Elon Musk had sent a message to Parag Agarwal. He informed Parag in his message that the company’s lawyers were trying to create trouble after he sought information about the financial details of Musk’s plan.
Elon Musk sent message
According to the lawsuit, Musk texted Twitter CEO Parag Agarwal and CFO Ned Segal on June 28, saying, “Your lawyers are using these conversations to create trouble.” This needs to be stopped. Musk had sent a message to Agarwal and Sehgal after Twitter asked Musk how he would finance the Twitter deal.
Twitter accuses Elon Musk
Let us tell you that after withdrawing from the deal to buy Twitter, Twitter has made many allegations against Elon Musk. Twitter alleges that Musk refused to honor his obligations to Twitter and its shareholders. Because the deal he has signed no longer suits his personal interests. Musk expressly believes that he is free, subject to the law of the Delaware contract, to change his mind, damage the Company, disrupt its operations to the contrary of each other party.
Deal done in April, stopped in May
Let us tell you that in April this year, Musk signed an acquisition agreement with Twitter in a transaction of about $ 44 billion. However, Musk halted the deal in May to allow his team to review the veracity of Twitter’s claim that less than 5 percent of accounts on the platform are bots or spam.
Know why the deal was canceled
Let us tell you that billionaire Tesla chief Elon Musk, the world’s richest man, had decided to cancel the US $ 44 billion Twitter deal. Elon Musk had said that Twitter had broken several provisions of the agreements, so he is now withdrawing from the deal. According to a letter sent to Twitter by the team of billionaire Tesla chief Elon Musk, Elon Musk has terminated his US$44 deal to buy Twitter, citing multiple breaches of the purchase agreement. The letter reads, “Elon Musk is terminating the Twitter deal because Twitter is in violation of several provisions of that agreement.