Elon Musk said on Twitter he was buying English soccer team Manchester United only to say hours later it was a joke, the latest example of the Tesla CEO’s using the platform to drop confusing statements about his intentions.
The stock sales come just months after the billionaire said he wasn’t planning to sell additional shares in the company.
Lawyers for Elon Musk filed a motion opposing Twitter’s request, their first public response to the lawsuit filed earlier this week by the social-media company seeking to enforce the terms of their $44 billion deal.
The billionaire is facing scrutiny from securities regulators over whether he promptly disclosed his intention to end his $44 billion deal to buy Twitter after a disagreement over spam-account data.
The Tesla boss questions Twitter’s stated number of fake accounts, but data scientists say such a figure isn’t easy to determine.
Twitter sued Elon Musk over the billionaire’s attempt to walk away from his $44 billion takeover bid, seeking to force him to honor the terms of the deal.
Twitter says it hasn’t breached its obligations under the terms of the deal. The company’s lawyers said the agreement isn’t terminated and demanded that Elon Musk comply with their obligations.
Elon Musk’s effort to terminate his Twitter deal sent shares of the social-media company tumbling, ahead of what is expected to be a messy courtroom battle.
In trying to terminate his $44 billion takeover deal, Tesla boss sets stage for what could become one of the oddest courtroom battles in corporate-takeover history.
Both sides expected to battle over $44 billion deal in a Delaware court.