Elon Musk Countersues Twitter Over Merger

The dispute between the Tesla CEO and the social networking business he promised to acquire heated up on Friday when Elon Musk Countersues Twitter. However, the case has not yet been made public. It was unclear why Musk, a billionaire and the head of SpaceX, sought the court to keep the specifics of his Countersues private given that he has recently been outspoken in his criticism of Twitter on social media and in public appearances.

Twitter and Musk announced on April 25, 2022, that Musk will pay $44 billion to acquire and take it private. A market drop that followed Musk’s $44 billion transaction led to a decrease in tech equities, including Tesla and. Musk accused Twitter of lying about the amount of spam and bot accounts on its network shortly after they agreed to the transaction and denied him access to details about how these accounts were handled.

Twitter filed a lawsuit against Musk in the Delaware Court of Chancery to compel him to complete the purchase after Musk publicly declared his intention to cancel it earlier this month. Musk’s legal team filed a secret Countersues on Friday in a Delaware court, so a copy was not immediately made public, but it may be in the near future with important information deleted. Chancellor Kathaleen St. J. McCormick, the judge overseeing the case, issued an order on Thursday night that established a timeline and stipulated that the five-day trial will begin on October 17.