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Twitter’s New Lawyers Tell Elon Musk the $44 billion Deal is Still On

High-powered attorneys from Wachtell, Lipton, Rosen & Katz representing Twitter are getting ready for a legal fight. The Musk Parties have filed a letter claiming that Elon Musk’s attempt to terminate a $44 billion acquisition of Twitter is invalid because “Mr. Musk and the other Musk Parties have knowingly, intentionally, willfully, and materially breached the Agreement,” after Musk finally filed paperwork last week.

William Savitt, a lawyer at Wachtell who has defended large corporations like Anthem and Sotheby’s in lawsuits against activist shareholders, is the attorney for Twitter.

Musk claims he wants to go because he believes Twitter has exaggerated the level of bot activity on the network, a problem he previously committed to address, and because Twitter won’t provide him with the information he needs to look into those allegations. Twitter claims to have provided him with all of the information he requested.

Joe Wallace
Joe Wallace
Joe Wallace is a reporter with over two decades of experience, writing about the latest and greatest technology news. With the most experience on TheOptic team, Joe strives to help highlight the most exciting developments in the technology world, as well as bring you the latest updates on new and developing technologies from around the world.
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