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  1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Saturday, 09-Jul-2022 13:26:38 EDT lnxw48a1 lnxw48a1
    https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2022-07-08/ [www reuters com]

    Elon #Musk finally backs out of the deal to purchase #Twitter, citing unresolved questions about #bots and #spammers.

    > "I'd say Twitter is well-positioned legally to argue that it provided him with all the necessary information and this is a pretext to looking for any excuse to get out of the deal," said Ann Lipton, associate dean for faculty research at Tulane Law School.

    Now, I don't know whether this person has expertise in contract law and has read the agreement, so I cannot guess as to the result of the legal battle that will come out of this.

    > In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance.

    > "Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement," the filing said.
    In conversation Saturday, 09-Jul-2022 13:26:38 EDT from nu.federati.net permalink

    Attachments

    1. Twitter vows legal fight after Musk pulls out of $44 billion deal
      from Reuters
      Elon Musk, the chief executive officer of Tesla and the world's richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement.
    1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Saturday, 09-Jul-2022 15:40:06 EDT lnxw48a1 lnxw48a1
      in reply to
      https://nu.federati.net/url/287014 [www techdirt com]

      /via @geniusmusing
      In conversation Saturday, 09-Jul-2022 15:40:06 EDT from nu.federati.net permalink

      Attachments

      1. File without filename could not get a thumbnail source.
        Musk’s Attempt To Get Out Of The Twitter Deal Proceeding Exactly As Predicted; What Happens Next?
        By Mike Masnick from Techdirt
        Musk’s Attempt To Get Out Of The Twitter Deal Proceeding Exactly As Predicted; What Happens Next?
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