Lawsuit seeks to force Musk acquisition

Twitter sued Elon Musk Tuesday for attempting to walk away from his $44 billion deal to buy Twitter, teeing up a protracted legal battle between the billionaire and the social media platform.

 

Musk’s team contended in a filing Friday that Twitter had breached the agreement, which allows him to terminate the purchase.

 

But Twitter is not letting the Tesla and SpaceX CEO drop the binding commitment he made to purchase the company and is asking for Musk to be compelled to complete the deal.

 

The company filed the case in Delaware Chancery Court, a local court that handles investor disputes.

 

Chancery judges in Delaware, which is the corporate home for more than half the public companies in the U.S., including Twitter, hear complex business law cases without juries.