Twitter Assembles Legal Team to Sue Musk

Elon Musk has withdrawn from his $44 billion deal to acquire Twitter, citing concerns over bot data misrepresentation. Twitter plans to enforce the deal legally, hiring a prominent merger law firm. The legal battle is set to take place in Delaware, a key corporate hub. Musk's withdrawal has significant market implications, with Twitter's stock expected to drop. At the Sun Valley Conference, Musk avoided addressing the deal directly, focusing instead on future projects like Mars. The outcome of the legal battle could leave Twitter in a precarious position, either facing a stock freefall or being run by an unpredictable owner.

What was Elon Musk's main reason for pulling out of the Twitter deal?

• Lack of interest in social media

• Concerns about Twitter's user data and bots

• High financial cost of the deal

• Personal disagreements with Twitter's board

Which law firm has Twitter hired to handle the lawsuit against Elon Musk?

• Wachtell, Lipton, Rosen and Katz

• Baker McKenzie

• Latham & Watkins

• Skadden, Arps, Slate, Meagher & Flom

What is the significance of Delaware in the context of the lawsuit?

• It is where Elon Musk resides

• It is known for its lenient business laws

• It is the corporate home to more than half of US public companies

• It is the location of Twitter's headquarters

During the Sun Valley Conference, what topic did Elon Musk avoid discussing?

• Space exploration

• Cryptocurrency

• Electric vehicles

• The Twitter deal

What could happen to Twitter's stock if it loses the lawsuit against Elon Musk?

• The stock will rise significantly

• The stock will remain stable

• The stock will be delisted

• The stock will freefall