Twitter is refusing to back down to Elon Musk, the mercurial entrepreneur who is personally worth more than eight times the value of the company.
On Tuesday, the social media platform filed suit against Musk and corporate entities affiliated with him in the Delaware Court of Chancery for breaching his binding commitment to buy the business for $44 billion.
“Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the company wrote in the filing. It has asked the court to force Musk to close the deal.
