TechFlow news — After Elon Musk announced on July 8 the cancellation of his $44 billion deal to acquire Twitter, Twitter has hired the law firm Wachtell, Lipton, Rosen & Katz and plans to file a lawsuit in the Delaware Court of Chancery.
It remains unclear whether this potential litigation will ultimately result in Musk acquiring the platform—possibly at the originally agreed price, a renegotiated price, or not at all.
Last week, Twitter Chairman Bret Taylor pledged legal action against Musk's move, stating that the board is committed to closing the transaction as previously agreed and intends to pursue legal measures to "enforce the merger agreement." (Cointelegraph)
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