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Twitter rejects Musk's claims that he was hoodwinked

By Noeleen Walder and Tom Hals NEW YORK (Reuters) -Twitter Inc on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to...
Twitter rejects Musk's claims that he was hoodwinked © Reuters. FILE PHOTO: Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration//File Photo

By Noeleen Walder and Tom Hals

NEW YORK (Reuters) -Twitter Inc on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact."

Musk made the claims in a countersuit that he filed under seal last Friday, which was made public on Thursday.

"According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter (NYSE:TWTR) into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds," the filing released by Twitter on Thursday said.

Twitter's filing is the latest salvo in what is building up to be a major legal showdown between the world's richest person and the social media giant.

The San Francisco-based company is pushing to resolve months of uncertainty over its fate as Musk tries to walk away from the deal for what he says is Twitter's misrepresentation of fake accounts.

Musk, the chief executive of electric car company Tesla (NASDAQ:TSLA) Inc, offered to buy Twitter for $54.20 per share in April, saying he believed in its potential as a global platform for free speech.

But he soured on Twitter as its stock price lagged his takeover bid, and began expressing skepticism that bot and spam accounts represented less than 5% of users.

Musk sought to back out on July 8 without paying a $1 billion breakup fee, citing Twitter's failure to provide details on bot and spam accounts. Twitter sued him four days later.

The company accused Musk of sabotaging the deal because it no longer served his interests, and casting a pall that disrupted its work and hurt shareholders.

An Oct. 17 trial is scheduled.

Earlier this week, Twitter issued dozens of subpoenas to banks, investors and law firms that backed Musk's takeover bid, while Musk issued subpoenas to Twitter's advisers at Goldman Sachs (NYSE:GS) and JP Morgan over their work.

Legal experts have said Twitter's requests suggested the company wanted to know why Musk turned against it, or whether he reneged on his obligation to obtain sufficient financing.

A representative for Musk did not immediately respond to a request for comment.

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19-08-2022 15:11:55 (UTC+7)

EUR/USD

1.0086

-0.0002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.0086

-0.0002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

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GBP/USD

1.1895

-0.0035 (-0.29%)

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↑ Sell

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Buy (0)

Sell (12)

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Buy (0)

Sell (5)

USD/JPY

136.71

+0.82 (+0.61%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (9)

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AUD/USD

0.6905

-0.0013 (-0.19%)

Summary

↑ Sell

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USD/CAD

1.2972

+0.0025 (+0.19%)

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↑ Buy

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EUR/JPY

137.89

+0.81 (+0.59%)

Summary

↑ Buy

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Buy (8)

Sell (4)

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Buy (6)

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EUR/CHF

0.9661

+0.0009 (+0.10%)

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↑ Buy

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Buy (5)

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Gold Futures

1,765.85

-5.35 (-0.30%)

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Silver Futures

19.142

-0.322 (-1.65%)

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Copper Futures

3.6240

-0.0075 (-0.21%)

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Crude Oil WTI Futures

89.80

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Brent Oil Futures

95.90

-0.69 (-0.71%)

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Neutral

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Natural Gas Futures

9.095

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US Coffee C Futures

214.80

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Euro Stoxx 50

3,759.85

-17.53 (-0.46%)

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Buy (0)

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S&P 500

4,283.74

+9.70 (+0.23%)

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Sell

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DAX

13,624.22

-73.19 (-0.53%)

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FTSE 100

7,537.14

-4.71 (-0.06%)

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Sell

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Buy (1)

Sell (7)

Hang Seng

19,772.50

+8.59 (+0.04%)

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Neutral

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Buy (6)

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Buy (1)

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US Small Cap 2000

2,000.73

+13.41 (+0.68%)

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↑ Buy

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Buy (12)

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IBEX 35

8,373.21

-57.09 (-0.68%)

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↑ Sell

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Sell (12)

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Sell (8)

BASF SE NA O.N.

43.355

-0.085 (-0.20%)

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↑ Sell

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Buy (0)

Sell (7)

Bayer AG NA

53.48

-0.58 (-1.07%)

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Neutral

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Allianz SE VNA O.N.

176.80

-1.72 (-0.96%)

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Moving Avg:

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Buy (0)

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Adidas AG

166.42

-1.10 (-0.66%)

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Deutsche Lufthansa AG

6.364

-0.202 (-3.08%)

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Siemens AG Class N

109.89

-0.37 (-0.34%)

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Deutsche Bank AG

8.688

-0.180 (-2.03%)

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Moving Avg:

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 EUR/USD1.0086↑ Sell
 GBP/USD1.1895↑ Sell
 USD/JPY136.71↑ Buy
 AUD/USD0.6905↑ Sell
 USD/CAD1.2972↑ Buy
 EUR/JPY137.89↑ Buy
 EUR/CHF0.9661↑ Buy
 Gold1,765.85↑ Sell
 Silver19.142↑ Sell
 Copper3.6240Neutral
 Crude Oil WTI89.80↑ Buy
 Brent Oil95.90Neutral
 Natural Gas9.095↑ Sell
 US Coffee C214.80↑ Sell
 Euro Stoxx 503,759.85↑ Sell
 S&P 5004,283.74Sell
 DAX13,624.22↑ Sell
 FTSE 1007,537.14Sell
 Hang Seng19,772.50Neutral
 Small Cap 20002,000.73↑ Buy
 IBEX 358,373.21↑ Sell
 BASF43.355↑ Sell
 Bayer53.48Neutral
 Allianz176.80↑ Sell
 Adidas166.42↑ Sell
 Lufthansa6.364↑ Sell
 Siemens AG109.89↑ Sell
 Deutsche Bank AG8.688↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,590/ 6,690
(-10/ -10) # 1,719
SJC HCM6,620/ 6,720
(0/ 0) # 1,749
SJC Hanoi6,620/ 6,722
(0/ 0) # 1,751
SJC Danang6,620/ 6,722
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SJC Nhatrang6,620/ 6,722
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SJC Cantho6,620/ 6,722
(0/ 0) # 1,751
Cập nhật 19-08-2022 15:12:12
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ↀ Giá vàng thế giới
$1,752.40-6.17-0.35%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.69+0.570.63%
Brent$95.57+0.280.29%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR22.981,7524.268,73
GBP27.175,3928.334,31
JPY167,13176,93
KRW15,2618,59
Cập nhật lúc 15:08:38 19/08/2022
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