Sunday, April 21, 2024

Featured Video

Latest Stories

Top 10 Music

Upcoming Events

Zomba City Festival

Fri, 26 Apr 2024 10:00:00 UTC @ Botanic Garden - 2024 Zomba City Festival is schedulled to take place on 26 to 28 April at Botanic Garden in Zomba This is a festival for all ages in the historic mountain city of Zomba. Celebrate Cultu... More Info
Queens Club Shut Down

Fri, 26 Apr 2024 19:00:00 UTC @ Queens Club - Queens Club Presents "Queens Club Shut Down" with music performances by Kelly Kay, Charisma, Teddy Makadi and Praise Umali. The show will take place at Queens Club in Mzuzu on 26 April... More Info

Elon Musk sued by Twitter for refusing to buy the app in a $44billion acquisition deal

In a leaked document shared online and confirmed by TMZ, Twitter feels “Elon’s only backing out because the stock market tanked right after he signed the deal in April to purchase for $44B.”

According to the company, the dip reduced Musk’s personal wealth by $100B and at the same time, Twitter’s value also dropped, placing his offer even further over the app’s actual market value.

As TMZ puts it, “His offer suddenly looked ridiculous, and that’s the only reason he wanted out.”

Elon according to hotnewhiphop. Elon has been using Twitter’s spam bot accounts as his excuse, though they’ve called that “a model of hypocrisy” seeing as Musk made it very clear (very publicly) that “[defeating] the spam bots” is one of the reasons he wanted to buy the platform to begin with.

Per the agreement which appears to be fizzling, the chair of the app’s board, Bret Taylor had said, “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.”

Since the 51-year-old signed on the dotted line, Twitter wants to ensure that he comes through with his agreed-upon payment of $44B and is now taking legal action to make it happen.

Subscribe to our Youtube Channel:

Related Posts

Mc Noel Kasinja
Mc Noel Kasinja
A writer,Analyst and Music Promoter. Email:


Please enter your comment!
Please enter your name here

Popular Articles