Twitter filed a lawsuit, Tuesday, against billionaire American businessman Elon Musk; for violating the $44 billion deal to buy the social media platform.
According to Reuters, Twitter has asked a Delaware court to order the world's richest person to complete the acquisition for the agreed-upon consideration of $54.20 a share of Twitter, according to In the lawsuit.
After proposing a takeover agreement... and then signing it, Musk appears to believe that, unlike all other parties subject to Delaware Contract Law, he has The freedom to change his mind, disrupt the company's operations, and destroy the value of its shares before going on his way.
Musk said last Friday that he terminated the deal because Twitter violated the agreement by not responding to requests for information about fake accounts or spam on the platforms, which essential to the performance of its business.
The lawsuit accused Musk of a long list of takeover agreement violations that have cast a shadow over Twitter and its business.
Shares in the social networking platform (Twitter) fell to $34.06, yesterday, Tuesday, from more than $50; When Twitter's board of directors accepted the deal in late April.
