Tesla chief executive Elon Musk hit back on Friday at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to news reports.
In a filing with the Delaware Court of Chancery, Mr Musk’s lawyers accused Twitter of withholding information about fake accounts — a preoccupation for Mr Musk — and of creating delays, providing evasive responses and putting up technical obstacles.
The filing also disputed Twitter's request for an expedited trial, claiming that it would take months to obtain information from Twitter and to depose numerous witnesses on the subject of fake accounts.
In April, Mr Musk pledged to pay $54.20 a share for Twitter, which agreed to those terms after reversing its initial opposition to the deal.
But the two sides have been bracing for a legal fight since the billionaire said a week ago that he was backing away from his agreement to buy the company.
The filing repeated several other accusations Mr Musk has lodged, including the claim that Twitter violated the acquisition agreement when it fired two high-level managers without first informing Mr Musk.
Twitter filed its lawsuit in the Delaware Court of Chancery, which frequently handles business disputes among the many corporations, including Twitter, that are incorporated there.
UAE currency: the story behind the money in your pockets
The biog
Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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