Twitter sued Elon Musk in Delaware today for backing out of his $44 billion plan to buy the social media platform, accusing the world’s richest man of trying to “trash the company, disrupt its operations, destroy stockholder value, and walk away,” the NY Post reports.
Twitter wants to force Musk to complete the merger at the original agreed price of $54.20 per Twitter share, according to the court filing.
“Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away,” Twitter wrote in a 241-page complaint filed in the Delaware Court of Chancery.
“This repudiation follows a long list of material contractual breaches by Musk that have cast a pall over Twitter and its business,” the company added.
The suit comes after Musk said Friday he was terminating the takeover agreement because Twitter had failed to provide adequate information about fake accounts on the site.
