Twitter vows legal fight after Elon Musk pulls out of $ 44 billion deal

Twitter will sue Elon Musk to enforce the $44 billion deal to buy the company that the billionaire now wants to abandon, the chair of the social media giant's board said on Saturday. We are confident we will prevail in the Delaware Court of Chancery," Bret Taylo, Chairman, Twitter, tweeted. 

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.

— Bret Taylor (@btaylor) July 8, 2022

Meanwhile, several Twitter users expressed their shock, anger and views on the micro-blogging site after Musk pulled the plug on the Twitter takeover deal. 

Actually Elon Musk had every intention of going through with buying Twitter but there was an incident when he was on his way over with the cash... pic.twitter.com/UBlzwemN5E

— Paul Lahticks (@PaulLahticks) July 9, 2022

Tesla CEO and the world's richest person, Elon Musk, on Friday said he was terminating his 44 billion-dollar deal to buy Twitter because the micro-blogging site had breached multiple provisions of the merger agreement. In response, Musk's attorneys said in a document that Twitter has ignored or refused to reply to several requests for information on phoney or spam accounts on the site, which is essential to the company's operation. "Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which  Musk relied when entering into the Merger Agreement," the filing said. Musk  added he was walking away because Twitter fired high-ranking executives and one-third of the talent acquisition team, breaching the social media platform's obligation to "preserve substantially intact the material components of its current business organization."