{"id":1547484,"date":"2022-07-10T16:19:06","date_gmt":"2022-07-10T20:19:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1547484"},"modified":"2022-07-10T16:19:20","modified_gmt":"2022-07-10T20:19:20","slug":"twitter-hiring-heavy-hitters-to-go-after-musk-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-hiring-heavy-hitters-to-go-after-musk-report\/","title":{"rendered":"Twitter Hiring Heavy-Hitters To Go After Musk: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftwitter-hiring-heavy-hitters-to-go-after-musk-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1547484&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Twitter has reportedly brought in the heavy hitters to take on Elon Musk, in a move designed to hold the billionaire entrepreneur to the $44 billion deal he wants to scrap.<\/p>\n<p>According to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-10\/twitter-assembles-legal-team-to-sue-musk-over-dropped-takeover\">report<\/a> from Bloomberg published Sunday, Twitter has hired Wachtell, Lipton, Rosen &#038; Katz \u2014 \u00a0big names in business merger law \u2014 to enforce Musk\u2019s original agreement to buy the social media platform for $44 billion.<\/p>\n<p>Musk has hired <a title=\"Click to view webpage.\" href=\"https:\/\/www.quinnemanuel.com\/\" target=\"_blank\" rel=\"noopener\">Quinn Emanuel Urquhart &#038; Sullivan LLP<\/a>, the same firm that has represented him at least twice before \u2014 once in a 2019 defamation case, which he won, and also in a still ongoing suit stemming from his 2018 attempt to make Tesla, Inc. private.<\/p>\n<p>The Tesla CEO <a href=\"https:\/\/dailywire.com\/news\/breaking-elon-musk-blows-up-twitter-deal\/\">informed Twitter<\/a> via his attorneys on Friday that he was not prepared to go through with the deal as originally stated, saying that even though he had repeatedly asked Twitter to verify how many of the platform\u2019s accounts were fake\/\u201dbot\u201d accounts, the social media giant had failed to do so.<\/p>\n<p>\u201cMr.\u00a0Musk and his financial advisors at Morgan Stanley have been requesting critical information from Twitter as far back as May\u00a09, 2022\u2014and repeatedly since then\u2014on the relationship between Twitter\u2019s disclosed mDAU figures and the prevalence of false or spam accounts on the platform,\u201d the letter stated, adding, \u201cNotwithstanding these repeated requests over the past two months, Twitter has still failed to provide much of the data and information responsive to Mr.\u00a0Musk\u2019s repeated requests.\u201d<\/p>\n<p>The original agreement included a $1 billion \u201cbreak-up\u201d fee if anyone were to back out of the contract \u2014 but Twitter is <a href=\"https:\/\/dailywire.com\/news\/twitter-strikes-back-will-sue-elon-musk-for-walking-away\/\">pushing back<\/a> and plans to hold Musk accountable for the full $44 billion.<\/p>\n<p>Bret Taylor, the chair of Twitter\u2019s board, tweeted, \u201cThe Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.<\/p>\n<p>\u2014 Bret Taylor (@btaylor) <a href=\"https:\/\/twitter.com\/btaylor\/status\/1545526087089696768?ref_src=twsrc%5Etfw\">July 8, 2022<\/a><\/p>\n<p>Delaware\u2019s <a href=\"https:\/\/courts.delaware.gov\/chancery\/\">chancery court<\/a>\u00a0is considered the best of the best when it comes dealing in business law and routinely handles merger disputes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter has reportedly brought in the heavy hitters to take on Elon Musk, in a move designed to hold the billionaire entrepreneur to the $44 billion deal he wants to scrap. According to a report from Bloomberg published Sunday, Twitter has hired Wachtell, Lipton, Rosen &#038; Katz \u2014 \u00a0big names in business merger law \u2014 &#8230;<\/p>\n","protected":false},"author":93,"featured_media":1547505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1547484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1547484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1547484"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1547484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1547505"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1547484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1547484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1547484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}