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Twitter Hits Back at Musk, Suing to Force $44 Billion Buyout

  • Musk had agreed to pay $54.20 a share for social-media company
  • Billionaire scuttled deal over concerns about fake accounts
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WATCH: Twitter Founding Member Jason Goldman speaks about the fallout from the Musk-Twitter deal, and what's next in Delaware court.

Source: Bloomberg

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Twitter Inc. sued Elon Musk over his abandoned $44 billion takeover bid, accusing the billionaire of having buyer’s remorse after his fortune declined.

Lawyers for Twitter told a Delaware judge that the world’s richest man should be forced to honor his agreement to pay $54.20 a share for the San Francisco-based social-media platform. Musk abandoned the deal Friday, citing in part concerns about the number of fake accounts among users.