+0.78% Bitcoin (BTC) 92872.2 EUR
+2.83% Ethereum (ETH) 2227.78 EUR
+2.02% Litecoin (LTC) 74.68 EUR
+0.99% B-Cash (BCH) 431.71 EUR
+1.99% Ethereum (ETH) 0.0242299 BTC
+1.25% Litecoin (LTC) 0.00081305 BTC
+0.23% B-Cash (BCH) 0.00465004 BTC
+0.51% Bitcoin (BTC) 109946.2265 USDC
+0.23% USD Coin (USDC) 0.85 EUR
+3.96% Chainlink (LINK) 12 EUR
+3.64% Chainlink (LINK) 0.00012943 BTC
+1.92% Dogecoin (DOGE) 0.14 EUR
+1.28% Dogecoin (DOGE) 0.00000158 BTC
+3.81% Uniswap (UNI) 6.59 EUR
+2.94% Uniswap (UNI) 0.0000711 BTC
+1.32% Cardano (ADA) 0.5 EUR
+0.55% Cardano (ADA) 0.00000545 BTC
+0.45% Tron (TRX) 0.24 EUR
-0.37% Tron (TRX) 0.00000267 BTC
+1.90% Shiba Inu (SHIB) 0.0000102 EUR
+13.80% Zcash (ZEC) 37.65 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
+2.80% Arbitrum (ARB) 0.337 USDC
+3.96% Chainlink (LINK) 13.94 USD
+4.39% Chainlink (LINK) 13.93733 USDC
+3.60% Uniswap (UNI) 7.654 USDC
+2.85% Ondo (ONDO) 0.68 EUR
+2.59% Ondo (ONDO) 0.80051 USDC
+2.00% Gala (GALA) 0.01 EUR
+1.62% Gala (GALA) 0.01433 USDC
+1.09% Wormhole Token (W) 0.05 EUR
+1.23% Wormhole Token (W) 0.0652 USDC
+2.07% Chiliz (CHZ) 0.03 EUR
+1.84% Chiliz (CHZ) 0.03576 USDC
+2.55% Sand (SAND) 0.21 EUR
+2.75% Sand (SAND) 0.2495 USDC
+3.63% Aave (AAVE) 249.52 EUR
+3.40% Aave (AAVE) 292.41 USDC
+1.31% Curve DAO (CRV) 0.43 EUR
+0.72% Curve DAO (CRV) 0.515 USDC
+1.40% Immutable X (IMX) 0.35 EUR
+0.81% Immutable X (IMX) 0.4206 USDC
0.00% Skale (SKL) 0.07 USDC
+0.95% Beam (BEAM) 0 EUR
+3.00% Beam (BEAM) 0.00616 USDC
0.00% Axelar (AXL) 1.05 USDC
+1.85% Livepeer Token (LPT) 5.26 EUR
+1.98% Livepeer Token (LPT) 6.172 USDC
+1.03% Compound (COMP) 34.92 EUR
+0.73% Compound (COMP) 40.92 USDC
0.00% Coti (COTI) 0.04 EUR
0.00% Coti (COTI) 0.0499 USDC
0.00% Portal (PORTAL) 1.1 USDC
0.00% Sushi (SUSHI) 0.51 EUR
0.00% Sushi (SUSHI) 0.605 USDC
0.00% Pepe (PEPE) 0 EUR
0.00% Pepe (PEPE) 0.00000993 USDC
0.00% Optimism (OP) 0.46 EUR
0.00% Polygon (MATIC) 0.2 EUR
0.00% Solana (SOL) 129.35 EUR
0.00% Solana (SOL) 0.0013957 BTC
0.00% Solana (SOL) 0.059254 ETH
0.00% USD Coin (USDC) 0.73 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit

07-11-2022

Tesla (TSLA) CEO Elon Musk scrapped his $42 billion takeover deal to buy Twitter (TWTR), claiming the information provided by the social media giant was false and misleading, prompting the company to threaten to sue to enforce the agreement.

  • Musk, in a filing with the U.S. Securities and Exchange Commission, claimed Twitter was in material breach of multiple provisions of the deal and had apparently made false and misleading representations that Musk had relied upon.
  • Musk also claimed the company is likely to suffer a " company material adverse effect."
  • In May, Musk put the transaction on hold until he could verify that spam or fake accounts represent fewer than 5% of the total users on Twitter.
  • In today's announcement, Musk's attorney's made it clear that the billionaire believes the actual number of bots making up total users is much higher than 5%.
  • "Preliminary analysis by Mr. Musk’s advisors of the information provided by Twitter to date causes Mr. Musk to strongly believe that the proportion of false and spam accounts included in the reported mDAU (monetizable daily active user) count is wildly higher than 5%."
  • Twitter's board responded, saying it was "confident" in the agreement and that it intends to close the deal at the agreed-upon $54.20 per share price:
  • "We are committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plan to pursue legal action to enforce the merger agreement," the board said in its statement. "We are confident we will prevail in the Delaware Court of Chancery."

 

Source: Coindesk