Twitter is following through on its promise to sue Elon Musk, filing suit against the billionaire CEO of Tesla and SpaceX in a Delaware court. Twitter says it wants Musk to follow through on the deal and to be "enjoined from further breaches, ordered to comply with their obligations to work toward satisfying the few closing conditions, and ordered to close upon satisfaction of those conditions."
The scathing complaint calls Musk a "model of bad faith," and claims that he is attempting to pass along the costs of the recent stock market downturn to stockholders. Twitter also dismissed Musk's claims that the social media giant failed to comply with its part of the agreement as pretexts that lack any merit.
"Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away," the lawsuit reads.
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
In response, Musk tweeted, "Oh the irony lol."
The lawsuit follows Twitter chairman Bret Taylors' vow to sue Musk, saying that the company is confident that it will prevail in court. Musk, for his part, has claimed that Twitter is obfuscating the true number of spambots and fake accounts it supports.
Musk first made a $44 billion offer to buy Twitter back in April. He seemed to feel buyer's remorse immediately after the deal was accepted, claiming that Twitter was failing to fulfill its obligations and claiming the company was in breach of contract. Twitter, for its part, moved steadily ahead with the deal, unaminously recommending that stockholders vote in favor of the merger.
Twitter is seeking a four-day trial in September, with a deadline of October 24 for the deal to be completed.
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Kat Bailey is a Senior News Editor at IGN as well as co-host of Nintendo Voice Chat. Have a tip? Send her a DM at @the_katbot.