Tuesday, November 10, 2026

Twitter sues Elon Musk to force him to complete his $44 billion buyout

Mr Musk is accusing Twitter of committing “a clear material breach” of its “obligations under the merger agreement…”

• July 12, 2022
Elon Musk and Twitter Logo Credit Photo illustration
Elon Musk and Twitter Logo [Credit: Photo illustration]

Microblogging social media platform Twitter has sued Elon Musk in a bid to compel the tech giant to complete his $44 billion acquisition of the company.

On Tuesday, Twitter sued Musk in Chancery Court in Delaware to push the Tesla CEO to follow through with the acquisition agreement.

“Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” Twitter said in the suit. “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.”

In April, Mr Musk agreed to buy Twitter but declared last week that he intended to walk away from the deal. Mr Musk’s lawyers told the U.S. Securities and Exchange Commission that the Tesla chief executive would no longer be paying $44 billion to seal the deal.

Mr Musk’s lawyers stated in the SEC filings that Twitter was “in material breach of multiple provisions” of the merger deal signed months ago.

At the crux of the matter, Mr Musk claimed that Twitter failed to disclose information about spam bots, also known as fake accounts, on the platform. He maintained that he did not believe the company’s public statements that roughly 5 per cent of its active users are bots.

Filings with the SEC saw Mr Musk accuse Twitter of committing “a clear material breach” of its “obligations under the merger agreement…”

Twitter is being represented by William Savitt, a lawyer at Wachtell, Lipton, Rosen & Katz. The legal firm is known for its tactics to protect companies from hostile buyers and the brain behind the poison pill that Twitter used to defend itself against Mr Musk’s hostile buyout.

Mr Musk’s legal team includes his lawyer, Alex Spiro, and a team from Skadden, Arps, Slate, Meagher & Flom.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Eneh Chinedu

Anti-Corruption

Court jails fraudster one year over multimillion-naira fraud

Justice Mohammad Maina of the Borno State High Court convicted and sentenced Ijai Jampi to one-year imprisonment for criminal misappropriation.

President Bola Tinubu

NationWide

Tinubu launches N52,500 minimum pension guarantee for retirees, PenCare scheme

PenCom says 173,209 low-income retirees will benefit from the Pension Industry Healthcare Plan for Retirees and an N52,500 monthly minimum pension.

President Bola Tinubu

Economy

Nationwide Hardship: Tinubu’s reforms benefiting every Nigerian, says information minister

Information minister Mohammed Idris says every Nigerian is benefiting from the reforms introduced by President Bola Tinubu to reposition the country for national prosperity.

Mohammed Idris

Economy

Nigerian broadcasters hail Tinubu’s licence fee suspension

The Society of Nigerian Broadcasters has commended information minister Mohammed Idris for directing the suspension of broadcast licence fee reviews.

stakeholders at the event

Economy

Stakeholders commend single window project for easing cargo processing

Freight forwarders, customs agents, exporters and importers have commended the National Single Window project for reducing cargo processing bottlenecks.

Amaechi speaking with Tinubu

Anti-Corruption

Tinubu govt worse than Buhari’s on corruption; more stealing going on now: Amaechi

“Can you compare with what is going on now? What is going on now is what I call Alibaba and the 40 thieves,” Mr Amaechi alleged.