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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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BROKERS ĐƯỢC CẤP PHÉP
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13-08-2022 02:06:23 (UTC+7)

EUR/USD

1.0262

-0.0055 (-0.53%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0262

-0.0055 (-0.53%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2137

-0.0075 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Sell (10)

USD/JPY

133.51

+0.51 (+0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.7125

+0.0021 (+0.29%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.2773

+0.0013 (+0.10%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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EUR/JPY

137.01

-0.20 (-0.15%)

Summary

Buy

Moving Avg:

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Indicators:

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EUR/CHF

0.9668

-0.0037 (-0.38%)

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↑ Buy

Moving Avg:

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Gold Futures

1,816.15

+8.95 (+0.50%)

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Silver Futures

20.740

+0.391 (+1.92%)

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Buy

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Copper Futures

3.6753

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91.75

-2.59 (-2.75%)

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Brent Oil Futures

97.78

-1.82 (-1.83%)

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Natural Gas Futures

8.762

-0.112 (-1.26%)

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Buy

Moving Avg:

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US Coffee C Futures

227.53

+3.58 (+1.60%)

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↑ Buy

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Euro Stoxx 50

3,776.81

+19.76 (+0.53%)

Summary

Sell

Moving Avg:

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Sell (6)

Indicators:

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S&P 500

4,269.65

+62.38 (+1.48%)

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↑ Buy

Moving Avg:

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DAX

13,795.85

+101.34 (+0.74%)

Summary

Neutral

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Sell (6)

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Buy (2)

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FTSE 100

7,500.89

+34.98 (+0.47%)

Summary

Neutral

Moving Avg:

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Sell (6)

Indicators:

Buy (3)

Sell (2)

Hang Seng

20,175.62

+93.19 (+0.46%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

Sell (1)

US Small Cap 2000

2,009.60

+32.90 (+1.66%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (1)

IBEX 35

8,400.40

+20.40 (+0.24%)

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↑ Sell

Moving Avg:

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Sell (12)

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Buy (1)

Sell (6)

BASF SE NA O.N.

44.155

+0.730 (+1.68%)

Summary

↑ Buy

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Sell (4)

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Sell (2)

Bayer AG NA

54.15

+2.47 (+4.78%)

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↑ Buy

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Allianz SE VNA O.N.

181.08

+2.08 (+1.16%)

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Adidas AG

173.20

+1.18 (+0.69%)

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↑ Buy

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Deutsche Lufthansa AG

6.588

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↑ Sell

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Siemens AG Class N

111.84

+1.92 (+1.75%)

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↑ Sell

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9.061

+0.197 (+2.22%)

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 EUR/USD1.0262↑ Sell
 GBP/USD1.2137↑ Sell
 USD/JPY133.51↑ Buy
 AUD/USD0.7125↑ Sell
 USD/CAD1.2773↑ Sell
 EUR/JPY137.01Buy
 EUR/CHF0.9668↑ Buy
 Gold1,816.15↑ Sell
 Silver20.740Buy
 Copper3.6753↑ Sell
 Crude Oil WTI91.75↑ Sell
 Brent Oil97.78↑ Sell
 Natural Gas8.762Buy
 US Coffee C227.53↑ Buy
 Euro Stoxx 503,776.81Sell
 S&P 5004,269.65↑ Buy
 DAX13,795.85Neutral
 FTSE 1007,500.89Neutral
 Hang Seng20,175.62↑ Buy
 Small Cap 20002,009.60↑ Buy
 IBEX 358,400.40↑ Sell
 BASF44.155↑ Buy
 Bayer54.15↑ Buy
 Allianz181.08↑ Sell
 Adidas173.20↑ Buy
 Lufthansa6.588↑ Sell
 Siemens AG111.84↑ Sell
 Deutsche Bank AG9.061↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,620/ 6,720
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SJC HCM6,630/ 6,730
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SJC Danang6,630/ 6,732
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SJC Nhatrang6,630/ 6,732
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SJC Cantho6,630/ 6,732
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Cập nhật 13-08-2022 02:06:25
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ↀ Giá vàng thế giới
$1,800.58+11.430.64%
Live 24 hour Gold Chart
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
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WTI$91.77+0.660.72%
Brent$97.79+0.210.21%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.498,0024.813,92
GBP27.761,8728.945,83
JPY170,70180,72
KRW15,5018,89
Cập nhật lúc 18:51:42 12/08/2022
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