Why is Twitter suing Elon Musk and could he be forced to buy the company for $65 billion?
In the latest twist in the Twitter-Elon Musk saga, the company has sued the billionaire Tesla CEO in a bid to force him to complete a $44 billion (over $65 billion) takeover. Twitter claimed in a lawsuit filed Tuesday in Delaware that Musk’s “weird” actions and “bad faith” caused irreparable harm to the social media platform and sank its share price. Twitter chairman Bret Taylor also said the lawsuit was filed to hold Musk “responsible for his contractual obligations”. Legal experts say Twitter has a strong case, but the upcoming court battle could be long and controversial and the outcome uncertain. So what’s next for Twitter and Mr Musk in the battle for the future of social media companies? Load Why is Twitter suing Elon Musk? In short, Twitter wants to finalize the deal that both parties have agreed to, and says Musk’s reason for stepping down is just a cover for his cold feet because the takeover no longer makes financial sense to him. In April, Musk pledged to pay $54.20 per shar