Twitter is ready to force Elon Musk to honor a $44 billion bid

A phone showing Elon Musk's Twitter profile appears opposite the Blue Bird Twitter logo.

Twitter is tired of musk Chaos.
Clarification: Chris Delmas / Agence France-Presse (Getty Images)

You can almost hear the angry sigh on Twitter when you look at it the damage Elon Musk, CEO of Tesla and Probably future twitter owner, I did it on both Social network and work over the past few days. Despite the dramaTwitter is still He wants to go ahead with a $44 billion sale to Musk and appears ready to force him to honor the merger agreement.

CNN Business Posted a new look In Twitter’s line of thinking Wednesday morning after another round of mayhem in Musk. Twitter’s board of directors issued a statement emphasizing Conditions Merger agreement, it seems For the catch as for the audience.

The Board of Directors and Mr. Musk have approved a transaction of $54.20 per share. We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement,” the board of directors She said.

As noted by CNN Business, the phrase “enforce agreement” appears to indicate that Twitter is willing to sue Musk to force him to proceed with the sale. If Musk decides to walk away from the agreement, it will beIt should pay $1 billion in dismantling fees. His fortune is around $219 billion.

Gizmodo reached out to Twitter on Wednesday morning to confirm the board’s statement but no response has been heard at press time.

Earlier on Tuesday, the billionaire Tweet That his deal to acquire Twitter could not “move forward” until the social media platform established that spam bots and fake accounts make up less than 5% of its users.

Twitter’s response to Musk’s recent actions in a proxy file Presenter to the Securities and Exchange Commission on the same day. In the document, the company continued to recommend that its shareholders vote in favor of the merger and said it was determined to complete the deal “as quickly as practicable.”

The statement adds something new Friction with Twitter A battle with Musk, the man who once coveted the social network but is now responding CEO With poo emoji. It’s not clear, frankly, whether Musk wants to buy Twitter at all. Some analysts believe that Musk is just using the spam excuse to try to get out of the deal altogether or push the price down.

Twitter share has landed Since Musk began expressing his doubts about the deal and the social media company itself. On Sunday, he said users are “manipulating them.” [Twitter’s] Algorithm “in ways they didn’t realize in tweet For more than 93 million followers.

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