Elon Musk counterattacks Twitter for merger, confidential file

Tesla CEO Elon Musk.

Patrick Pleul | AFP | Getty Images

Elon Musk hit back on Twitter on Friday, escalating the row between the Tesla CEO and the social media company he agreed to buy, but the lawsuit has yet to be made public.

It was unclear why Musk wanted to pursue a counter-suit privately when the billionaire, who is also the CEO of SpaceX, had been highly critical of Twitter on social media and in press interviews in recent months.

On April 25, 2022 Twitter and Musk announced Musk would buy the social networking company and take it private for around $44 billion. Shortly after Musk closed the $44 billion deal, a market downturn sent tech stocks including Tesla and Twitter down.

Shortly after signing the deal, Musk accused Twitter of lying about the number of spam and bot accounts on its platform and denying him access to information about their handling of those accounts. Musk officially said he wanted to end the deal earlier this month, and Twitter sued him in the Delaware Court of Chancery to force him into the deal.

Musk’s legal team filed a confidential countersuit in a Delaware court on Friday, which means a copy was not immediately available to the public, but a version of it may be made public in the near future. future with sensitive details redacted.

The judge deciding the case, Chancellor Kathaleen St. J. McCormick, issued an order late Thursday setting out a schedule, including for a five-day trial to begin Oct. 17.

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