Elon Musk mocked Twitter for trying to force him to take over

That’s the question everyone is asking today after Elon Musk announced that he wanted to cancel the Twitter takeover. And now ? For the billionaire, the decision seems certain: too many bots roaming the platform according to him, and the initial bid of $44 billion would no longer hold water. Not to mention the long battle against the company’s access to precise data on the matter.

But for Twitter, the soap opera isn’t over yet. Shortly after the announcement, the social network actually announced Report Elon Musk. Purpose: to force the latter to go through the process. The outcome of this case can therefore be played out in court. On the one hand, who will have to justify ending a several billion dollar deal. On the other hand, his opponent who wants to hit the jackpot.

Twitter reports Elon Musk, not too worried

But this alternative isn’t the only possible ending to this story. Ronald Gilson, professor of law and commerce at Columbia University, therefore,a financial deal between the two parties. One possible solution would be for Musk to pay Twitter an amount that reflects the damage caused by Musk’s failure to make the purchase.before stating that “The fight is just a matter of money”.

However, this possibility is highly probable. Remember: Shortly after the takeover was announced, we learned that a clause in the contract stipulated that if the transaction was canceled, the responsible party must pay the other $1 billion. However, this article reveals two more unknowns. First, Twitter can decide that this amount is not enough To repair the damage caused by this situation.

Considering the roller coaster Elon Musk’s fascination with social networks has seen in recent months, it would be hard to prove him wrong. To make matters worse, the bot incident permanently tarnished the image of the platform, which it knew very well it would never achieve. such a convenient market more than recommended by the billionaire. Currently, the company is valued at $28 billion.

Also, the indemnity clause may lead to another outcome. Used properly by Twitter, we can actually witness what is called the legal concept of “certain execution.” It forced Elon Musk to buy it. In other words, if an agreement is not reached between the businessman and the company until the court goes to court, it is quite possible that the takeover will be completed and Elon Musk will go bankrupt. The new owner of Twitter.

Anyway, this possibility does not seem to make Elon Musk break out into a cold sweat. While the latter is already the subject of multiple legal actions, he prefers as usual: take the situation lightly. Like a final provocation, the billionaire took to Twitter for fun… Twitter. She just sent a meme showing her laughing out loud—if you really say so.

The text says: “They said I can’t buy Twitter. Then they did not want to give information about the bots. Now they want to force me to buy Twitter in court. Now they have to give the information about the bots to the court,” he said. However, we did not expect much more from the manager.

Source : crushable