Beyond the Storm: Navigating the Uncharted Waters of the Post-Pandemic Corporate Landscape
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
July 13, 2022: -On Monday, Twitter said in a letter that Elon Musk’s bid to terminate the proposed $44 billion acquisition of the social media company is “invalid and wrongful.”
The letter, addressed to Musk’s lawyers, following the Tesla CEO’s declaration that he is planning to scrap the deal more than allegations that Twitter counted the number of spam accounts on its service, among other reasons.
Musk’s attorneys argue in Friday’s note that Twitter breached its obligations related to the acquisition by allegedly failing to provide Musk with the information necessary to estimate the number of spam accounts on the service.
Although, Twitter attorney William Savitt of the law firm Wachtell, Lipton, Rosen & Katz wrote in a letter that “Twitter is breaching none of its obligations under the Agreement.”
“As it has done, Twitter will keep the agreement and take all measures required to close the transaction diligently,” he wrote.
Savitt added, “Twitter reserves all contractual, legal, and other rights, including its right to enforce the Musk Parties’ obligations under the Agreement specifically.”
A Twitter representative refused to comment beyond the filing. On Monday, Twitter shares dropped 11% to $32.65. They’re now trading 40% less than the price of $54.20 that Musk is agreeing to pay in April and have dropped nearly 33% since the deal was announced.
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
Workplace culture has evolved beyond the superficial allure of ping-pong tables and casual Fridays in the ever-shifting landscape …
In the grand orchestration of corporate strategy, a new conductor has taken the stage, wielding algorithms instead …
In the pulsating heartbeat of technological evolution, a virtual reality revolution is unfurling, beckoning us to reimagine the very essence …
In the grand theater of corporate endeavors, where success is not merely measured in profits but in the harmonious achievements of inspired teams, what if I told you …
China has implemented a policy change that discontinues the live feed of data pertaining to foreign inflows and outflows within …
A group of U.S. consumers filed a lawsuit in federal district court on April 16, 2024, to halt Alaska Air’s proposed $1.9 billion acquisition ….
Chemical giant BASF (FSE: BAS) has secured a significant step towards sustainable operations at its Zhanjiang Verbund site …
Five9, Inc. (NASDAQ: FIVN), a leading provider of cloud-based contact center software, has received a consensus rating of …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you