Tech

Twitter Lawyers Up to Take on Elon Musk After $44B Deal Scrapped

SEE YOU IN COURT

The social media company is gearing up to file suit against the Tesla mogul, and has hired one of the most powerful law firms in the world to do it.

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Now that Elon Musk has backed away from his promise to buy Twitter for $44 billion, the company behind the social media platform is gearing up to force him to see it through. Twitter Inc. has hired a powerhouse corporate law firm and plans to file suit against the Tesla mogul early this week, people familiar with the situation told Bloomberg News on Sunday. Given that a messy courtroom battle likely lies ahead, Twitter has retained Wachtell, Lipton, Rosen & Katz LLP, considered to be the United States’ top mergers and acquisitions firm. Musk himself will be using Quinn Emanuel Urquhart & Sullivan LLP, a firm that three years ago saw him through a rocky $190 million defamation trial over the billionaire’s infamous “pedo guy” tweet. The case will be heard in Delaware, according to Bloomberg News. A Wachtell Lipton representative declined to comment.

Read it at Bloomberg News