Can Twitter force Elon Musk to buy the platform?
Elon Musk offered to buy Twitter lock, stock and barrel for $44 billion this spring. But while the summer heats up the CEO of Tesla has gotten cold feet and said he’s backing out of the agreement, putting him on the hook for a $1 billion break-up penalty.
Twitter, which originally tried to block Musk from taking over the social media platform, has now taken him to court to follow through with the deal. So how will the legal battle play out? It could take months or even years for there to be a resolution but Brian Stelter says that Twitter will want to get this over with as soon as possible.
Adding that they’ll be looking perhaps not to have the world’s richest man take over the company for the agreed price but get more than just the $1 billion penalty.