Twitter is considering taking legal action against Elon Musk, the CEO of Tesla and SpaceX, over his decision to renegotiate a $44 billion takeover agreement.
A company famous enough to have its own Wikipedia page is Wachtell, Lipton, Rosen & Katz.
Next Monday, Twitter will file its case in Delaware. Quinn Emanuel Urquhart & Sullivan is the law firm that is now defending Musk
Elon Musk submitted a letter in an effort to back out of his $44 billion acquisition of Twitter.
Bret Taylor, the CEO of Twitter, responded by tweeting that the firm will take legal action to complete the transaction as planned
Due to many violations of the acquisition agreement, Musk made the decision to cancel the deal.
He announced his decision to cancel the agreement last week, blaming Twitter for making "misleading" claims regarding the volume of spam and fake accounts.
In a letter to Twitter's board of directors, Musk's attorney, Mike Ringler, stated that Musk firmly thinks that the percentage of spam and fraudulent accounts is "wildly higher" than 5%.
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