Elon Musk opposes Twitter over merger, but details are not yet public

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Tesla CEO Elon Musk.

Patrick Pleul | AFP | Getty Images

Elon Musk went on to contradict Twitter on Friday, fueling the conflict between the Tesla CEO and the social networking company he wanted to buy, but the lawsuit is not yet available to the public.

It wasn’t clear why Musk asked the court to keep the details of his counter-charge confidential, as the billionaire, who is also the CEO of SpaceX, has been vocally critical of Twitter on social media and in press interviews in recent months.

On April 25, 2022, Twitter and Musk announced that Musk would buy the social networking company and take it privately for about $44 billion. Shortly after Musk closed the $44 billion deal, a market decline led to a decline in technology stocks, including both Tesla and Twitter.

Shortly after signing the deal, Musk accused Twitter of lying about the number of spam and bot accounts on his platform and denying him access to information about their dealings with these accounts. Musk formally said he wanted to end the deal earlier this month, and Twitter sued him in the Delaware Court of Chancery to force him to go through with the deal.

Musk’s legal team filed a confidential counterclaim in a Delaware court on Friday, meaning a copy was not immediately available to the public, but a version of it could be made public in the near future with sensitive details redacted.

The judge ruling in the case, Chancellor Kathaleen St. J. McCormick, issued an injunction Thursday night setting a timeline, including a five-day trial that was set to begin October 17.



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