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Musk’s About-Face on Twitter Sends Takeover Saga to Delaware

  • Twitter lawsuit to force the deal could come as soon as Monday
  • Chancery court rarely sides with parties seeking to end deals
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Twitter Assembles Legal Team to Sue Musk
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Now that Elon Musk has decided that he doesn’t want to buy Twitter Inc. after all, he can’t just walk away from the $44 billion contract. The billionaire co-founder of Tesla Inc. will need to make his case before a judge in Delaware that Twitter failed to uphold its side of a merger deal reached in April. If history is a guide, his job won’t be easy.

Twitter Chairman Bret Taylor vowed Friday that the social media platform will fight in the Delaware Court of Chancery to compel Musk to follow through on his agreement, and the company has lawyered up in a race to sue. A filing could come as soon as early this week, people familiar with the matter told Bloomberg.