Twitter Reportedly Hires Powerful Law Firm For Planned ‘Legal Action’ After Musk Cancels $44B Deal

Twitter has reportedly hired a powerful law firm as it pursues planned “legal action” after Elon Musk canceled the $44B deal.

Bret Taylor, the Twitter chairman, tweeted on Friday, “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,” Taylor insisted. Twitter CEO Parag Agrawal retweeted Taylor’s tweet.

The tweet from Taylor came after a lawyer for Musk sent a letter charging that “Twitter has not complied with its contractual obligations.”

The letter claims that Twitter did not provide Musk with the relevant business information that he requested as the contract required.

Musk has previously said he wanted to be able to verify Twitter’s claim that their spam accounts are less than 5% of monetizable daily active users.

According to Bloomberg, the company has hired Wachtell, Lipton, Rosen & Katz LLP to represent it in a forthcoming suit against Musk.

Many offered up opinions in response to Taylor’s tweet, including a number of verified Twitter users.

Left-wing user Richard Signorelli told Taylor, “As a shareholder, I am hoping that @elonmusk just pays a hefty penalty to get out of the deal.”

“As someone who uses @twitter, I don’t want him owning the company,” Signorelli declared.

As a shareholder, I am hoping that @elonmusk just pays a hefty penalty to get out of the deal. As someone who uses @twitter, I don't want him owning the company.

— Richard Signorelli (@richsignorelli) July 8, 2022

Another left-wing user Charles Gaba responded, “As much as I’d like to see you destroy him financially, I’d prefer it if you just took the billion dollar termination fee and banned him from the platform for life.”

As much as I’d like to see you destroy him financially, I’d prefer it if you just took the billion dollar termination fee and banned him from the platform for life.

— Charles Gaba 🇺🇦 (@charles_gaba) July 8, 2022

Musk hasn’t tweeted since the announcement was made so it will be interesting to see what happens in that regard moving forward.