Billionaire Elon Musk appears to be laughing off the fact of a lengthy, expansive legal battle with Twitter after nixing his $44 billion takeover agreement with the corporate.
Musk used the platform he isn’t any longer keen on buying to mock Twitter’s leadership on Sunday.
The Tesla CEO tweeted a meme which included photos of himself “reacting” to the legal battle with increasing levels of amusement – and referenced the likelihood of more revelations of the variety of spam bots inside Twitter’s user base.
“They said I couldn’t buy Twitter, then they wouldn’t disclose bot info,” the meme says. “Now they need to force me to purchase Twitter in court, now they must disclose bot info in court.”
Musk also shared a meme featuring a photograph of actor Chuck Norris alongside a chessboard with the caption “Chuckmate,” though it’s unclear if that image was a reference to his looming battle with Twitter’s board.
The spam bot issue is central to Musk’s decision to back out of his $44 billion agreement with Twitter, adding one other twist to a months-long drama regarding his potential involvement in the corporate’s future. Musk initially agreed to purchase Twitter at $54.20 per share in late April.
In a filing last Friday, Musk’s attorneys accused Twitter of repeated failure to supply accurate info concerning the spam accounts. Twitter executives have asserted that fake accounts comprise lower than 5% of the corporate’s user base – a statistic Musk and his team have flatly rejected.
“Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when stepping into the Merger Agreement,” the filing said.
Shortly after the filing surfaced, Twitter board chair Bret Taylor indicated the corporate intended to sue to implement its original agreement with Musk.
Twitter has already lawyered up in anticipation of its legal battle with Elon Musk.AFP via Getty Images
“The Twitter Board is committed to closing the transaction on the worth and terms agreed upon with Mr. Musk and plans to pursue legal motion to implement the merger agreement. We’re confident we’ll prevail within the Delaware Court of Chancery,” Taylor tweeted.