You don’t put people in jail because they don’t buy something.”
“They don’t really have tools to force him to go through with it. “What are they going to do if there is a judgment and he says, ‘Well, I’m still not going to buy it’?” Zohar Goshen, professor of transactional law at Columbia Law School, told The Wall Street Journal. ‘Everest-Like Uphill Climb’ for Twitterīut some analysts aren’t so sure that Twitter will end up getting its way in the dispute. “We are confident we will prevail,” Taylor said in his post. While Musk has nominally agreed to a $1 billion breakup fee if he backs out of the deal, Twitter seems determined to try and force the deal to go through. Twitter has reacted to the filing by accusing Musk of “knowingly” breaching their contract for the purchase of the platform.īret Taylor, chairman of Twitter, said in a July 8 social media post that the company plans to sue Musk in the Delaware Court of Chancery to force him to follow through with the deal. There has been media speculation that a filing could come as soon as early this week. Securities and Exchange Commission ( pdf) that claims Twitter has repeatedly refused to provide information regarding how many bots and automated accounts are on the platform and the company’s “financial condition. Initially, Musk agreed to buy Twitter for $54.20 per share, which is well above the current intraday market price of $33.65 and puts the total value of the buyout at around $44 billion.īut the Tesla chief has since moved to abandon the deal, making a formal filing with the U.S. Musk’s message, posted on July 11, came as media headlines were thick with speculation about how Twitter’s much-anticipated lawsuit against Musk might play out.
By featuring Chuck Norris, who’s the subject of numerous internet memes that evoke the idea of winning against all odds, Musk seems to be expressing confidence that whatever legal battle with Twitter awaits, he’ll emerge victorious. Musk’s single-word caption is a play on the word “checkmate,” a winning move in chess.
#CHESS MEMES MOVIE#
“Chuckmate,” Musk wrote in a post on Twitter that features an image of iconic action movie star Chuck Norris sitting behind a chess board, smiling even though his opponent has a crushing advantage in the number of chess pieces. Billionaire tech mogul Elon Musk shared a meme on social media evoking determination to win his battle against Twitter in court even if the odds are stacked against him as the social media giant looks to sue to force him to go through with a $44 billion buyout bid.
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