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Twitter sues Elon Musk for breaching 44 billion dollar contract

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New York: Twitter has sued Elon Musk, founder of electric car maker Tesla,  for violating 44 billion dollar deal to buy the social media platform. In its petition, the company asked a Delaware court in US to order Musk to complete the merger at the agreed 54.20 dollar per Twitter share. The suit urges the court to order the billionaire to complete his deal, arguing that no financial damages could repair the damage he has caused. The suit said, Musk’s conduct simply confirms that he wants to escape the binding contract he freely signed and to damage Twitter in the process. The petitioner said, Twitter has suffered and will continue to suffer irreparable harm as a result of defendants’ breaches.

After weeks of threats, Musk late last week pulled the plug on the deal, accusing Twitter of “misleading” statements about the number of fake accounts.

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