Has another war started? Twitter now wants to force Elon Musk to go ahead with the purchase

Deepak Gupta July 10, 2022
Updated 2022/07/10 at 8:01 AM

The novel of the purchase of Twitter by Elon Musk gained in the last hours some important developments. Tesla’s strongman made the decision that many expected and will abandon the purchase of the social network.

What was probably not expected was this response from Twitter, which really wants to move forward with the business. The most recent information shows that the agreement established will be to comply and wants to go to the courts to achieve it.

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Although it doesn't seem strange to many, Elon Musk's decision dropped like a bomb in the tech world. After many problems and exchanges of accusations, the purchase of Twitter ended up falling and the 44 billion pointed towards this deal will not change hands.

Even so, and contrary to what was expected, Twitter and its board of directors really want to make this deal effective and are already considering the necessary measures to achieve it. The most direct and obvious step will be to go to the courts.

According to Bret Taylor, Twitter and the board of directors are committed to completing the purchase at the price and terms agreed with Elon Musk. Legal actions are planned to enforce the merger agreement, with Twitter believing that it will succeed.

Twitter hopes to counter Elon Musk's arguments and prove that it provided all the information that was required about the accounts present. There is also the issue of top executives who left the social network and part of their teams, which also served as the basis for their withdrawal.

Twitter Elon Musk War Buys Courts

In addition to this situation, there is still an issue associated with a clause agreed between the parties. The withdrawal of one of the parties will require the payment of a billion dollars, if Elon Musk could not secure the necessary funding. Twitter agreed to pay the fee if it found another buyer or its board voted against the offer.

Apparently Elon Musk wants to leave the business without having to pay any amount and Twitter, for its part, wants to go ahead and profit from the situation. This opens the door to a legal battle that could take years to resolve. Just now the war has started and hardly Twitter or Elon Musk will reach an agreement anytime soon.

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