https___www.sabcnews.com_sabcnews_twitter-vows-legal-fight-after-musk-pulls-out-of-44-billion-deal_.xml
https___techkagaj.com_2022_07_09_4258__1.xml
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Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger agreement. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Musk…,” he wrote. In a filing, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance. “Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement,” the filing said. Musk also said he was walking away because Twitter fired high-ranking executives and one-third of the talent acquisition team, breaching Twitter’s obligation to “preserve substantially intact the material components of its current business organisation.” Legal battle Musk’s decision is likely to result in a protracted legal tussle between the billionaire and the 16-year-old San Francisco-based company. Disputed mergers and acquisitions that land in Delaware courts more often than not end up with the companies re-negotiating deals or the acquirer paying the target a settlement to walk away, rather than a judge ordering that a transaction be completed. That is because target companies are often keen to resolve the uncertainty around their future and move on.
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२५ असार, एजेन्सी । एलन मस्कले सामाजिक सञ्जाल ट्विटर खरिद नगर्ने बताएका छन्। टेस्लाका प्रमुख कार्यकारी अधिकृत र विश्वको सबैभन्दा धनी व्यक्ति एलोन मस्कले शुक्रबार सामाजिक सञ्जाल कम्पनीले मर्जर सम्झौताका धेरै प्रावधानहरू उल्लङ्घन गरेको कारण ट्विटर किन्नको लागि आफ्नो ४४ अर्ब डलरको सम्झौता रद्द गरेको बताएका हुन्। ट्विटरका अध्यक्ष ब्रेट टेलरले ट्वीटरमा बोर्डले मर्जर सम्झौता लागू गर्न कानुनी कारबाही गर्ने योजना बनाएको बताएका छन्। ‘ट्विटर बोर्ड मस्कसँग सहमत भएका मूल्य र सर्तहरूमा लेनदेन बन्द गर्न प्रतिबद्ध छ ।’ उनले लेखेका छन्। एलन मस्कका वकिलले ट्वीटरले स्पाम अकाउन्टहरूको बारेमा यकिन जानकारी दिन नसक्दा समस्या देखिएको बताएका छन्। ‘ट्विटरले सम्झौताको बहुविध प्रावधानहरूको भौतिक उल्लङ्घन गरेको छ। मस्कले मर्जर सम्झौतामा प्रवेश गर्दा भर परेका तथ्यहरू झूटा र भ्रामक देखिन्छ।’ वकिलले भनेका छन्। मस्कले ट्विटरले उच्च श्रेणीका अधिकारीहरू र प्रतिभा अधिग्रहण टोलीको एक तिहाइलाई बर्खास्त गरेको कारण यसको हालको व्यापार संगठनको भौतिक अवयवहरूलाई पर्याप्त रूपमा सुरक्षित राख्ने ट्विटरको दायित्वलाई उल्लङ्घन पनि बताएका छन्। मस्कको निर्णयले अर्बपति र १६ वर्ष पुरानो सान फ्रान्सिस्कोमा आधारित कम्पनीको बीचमा लामो कानुनी झगडा हुने सम्भावना देखिएको छ।