New Delhi : Shares of microblogging site Twitter fell about 6 per cent in premarket trading on Monday, amid the recent walkout by Elon Musk.
The world’s richest person on Friday terminated the $44 billion deal to buy Twitter, stating that the company was in “material breach” of their agreement and had made “false and misleading” statements during negotiations.
On Saturday, Twitter announced it was going to sue the Tesla CEO.
The “board is committed to closing the transaction on the price and terms agreed upon with Musk and plans to pursue legal action to enforce the merger agreement”, Twitter Chairman Bret Taylor said in a tweet.
“We are confident we will prevail in the Delaware Court of Chancery,” he added.
In reply, Musk on Monday poked fun at Twitter and shared a meme.
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