Sunday Mirror

Musk Twitter exit ‘may be a cost tactic’

- KAREN ROCKETT

ELON Musk may be trying to buy Twitter on the cheap by ditching his £36billion bid for the social media giant, a legal expert claimed yesterday.

Ann Lipton, a corporate governance professor at Tulane Law School in New Orleans, said Musk’s position was “weak” legally.

But she added: “That doesn’t mean he can’t credibly threaten to create major litigation headaches for Twitter that could drag on for years.

“Twitter might be willing to settle for a small price reduction to spare the time and expense.”

Musk used a row over how many robot and spam accounts Twitter is littered with to ditch his offer.

Twitter said it would pursue legal action to enforce the agreement.

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Elon Musk
WRANGLE Elon Musk

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