Twitter offices in San Francisco.
Twitter Inc.
TWTR 0.15%
filed a response to
Elon Musk’s
countersuit, providing a glimpse into the billionaire’s case for walking away from his $44 billion takeover.
Mr. Musk’s counterclaims were filed confidentially on July 29 and are still unavailable to the public. They were filed under seal, pending review by the company for possible redactions of sensitive information.
Twitter board chairman
Bret Taylor
said in a tweet Thursday that Mr. Musk’s claims “are factually inaccurate, legally insufficient, and commercially irrelevant.” He linked to Twitter’s 127-page response to Mr. Musk’s counterclaims and said the company looks forward to the trial in the Delaware Court of Chancery, which is scheduled for Oct. 17.
Twitter said in its response that Mr. Musk’s claim that he was “hoodwinked” into signing a $44 billion merger agreement is implausible and that he doesn’t have the right in the merger agreement to back out based on his concerns over the number of bots on the platforms.
More to Come
Write to Cara Lombardo at [email protected]
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