December 21, 2024
Business

Court battle opens in Musk, Twitter buyout fight

Published by
AFP

Washington (AFP) – The high stakes court battle between Elon Musk and Twitter kicked off on Tuesday, as the social media firm tries to force the entrepreneur to honor their $44 billion buyout deal. The first hearing was centering on Twitter’s push to set a trial date for as early as September in a case focused on Musk’s move to walk away on allegations the platform misled him about its tally of fake accounts. Billions of dollars are at stake, but so is the future of the platform that Musk has said should allow any legal speech, an absolutist position that has sparked fears the network could be…

Read More

Related posts

Nintendo announce impressive sales figures

The_Proponent

EV truck manufacturer Rivian raises nearly $12 billion in massive IPO

The_Proponent

FDA Could Soon Approve Moderna’s Covid-19 Vaccine

The_Proponent

Dollar stronger as inflation worries dampen risk sentiment

The_Proponent

Comcast’s third-quarter profit doubled thanks to Tokyo Olympics and theme parks

The_Proponent

Western businesses cut some Russia ties over Ukraine invasion

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.