News Analysis
What started off as a 9.2 percent stake in Twitter this past spring has turned into a litigious affair between billionaire Elon Musk and the social media giant.
The Tesla and SpaceX CEO decided to terminate his $44 billion agreement to acquire Twitter based on the issue of bots, alleging that the company is misrepresenting the number of fake accounts on the social media platform. But Twitter has accused Musk of breaching the obligations of the merger agreement, filing a lawsuit that could force Musk to complete his purchase of the San Francisco-based tech firm.
The corporate dispute has been expedited to a Delaware court for five days in October. Musk had requested two weeks in February, arguing that there was no need to rush a trial. But Chancery Court Chief Judge Kathaleen St. J. McCormick wasn’t convinced of that delay, arguing that the battle was “creating a cloud of uncertainty” and that “continued delays threaten imminent harm” to the business….