Our prediction is that this will end in a settlement with Musk paying somewhat less than the $1 billion kill fee he recklessly agreed to when he even more recklessly waived almost all rights of inspection. This may be Twitter’s all-time highest ROI.
Twitter sued Elon Musk on Tuesday to force the billionaire to complete his $44 billion acquisition of the company, setting the stage for a prolonged legal battle over the fate of the social media service.
Mr. Musk agreed in April to buy Twitter but declared last week that he intended to walk away from the deal. To push Mr. Musk to abide by the acquisition agreement, Twitter sued him in Chancery Court in Delaware. The court will determine whether he remains on the hook for the purchase or whether Twitter violated its obligation to provide Mr. Musk with data he requested, entitling him to walk away.Twitter Sues Elon Musk to Force Him to Complete $44 Billion Acquisition – The New York Times