Twitter has hired a team of heavyweight lawyers to sue Elon Musk, mainly because Elon Musk suddenly called off his plan to fully acquire Twitter for $54.20 per share and was already in the negotiation stage, and announced that he was abandoning the purchase of Twitter and trying to “avoid “The breakup fee. In response, Elon Musk responded with a tongue-in-cheek emoji on Twitter late at night.
Elon Musk posted an emoji on Twitter with a picture of himself laughing on the right and text on the left, recapping Twitter’s attitude toward the deal over the past few months. As you can see, Elon Musk is taking it easy on a complex and expensive deal that has already put pressure on Tesla’s stock and allowed Elon Musk to raise several interim financing rounds.
Elon Musk’s text for the emoji: “First they (said) I can’t buy Twitter. Then, they didn’t disclose the fake account information. Now they’re trying to force me to buy Twitter in court. now they have to disclose false account information in court.”
Elon Musk first bought a large number of Twitter shares to drive up the company’s stock price, then agreed to take Twitter private at $54.20 per share in late April. With Elon Musk’s decision not to buy Twitter, Twitter shares closed 11.3 percent lower at $32.65 per share (about RM144) on July 11 (US time), evaporating about $3.2 billion (about RM14.08 billion) in market value. At the same time, the drop was the biggest for Twitter since April last year (2021).