Musk faces $1bn legal battle over Twitter bid
Sunday Express
|July 10, 2022
ELON Musk has been warned he faces a lengthy legal battle and a hefty bill if he abandons his bid to buy Twitter.
The world’s richest man decided to acquire the company for £36billion in April, but now says he wants to back out because it failed to provide information regarding fake accounts.
Twitter said it plans to pursue legal action to enforce the agreed sale.
Legal and financial experts said the terms of his deal with the social media giant require Musk to pay a £830million ($1billion) “break-up fee” if he does not complete.
They also warned Musk that his looming courtroom showdown with the Twitter board is likely to be a protracted and “messy” fight costing millions more in legal fees.
Diese Geschichte stammt aus der July 10, 2022-Ausgabe von Sunday Express.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Sunday Express
Sunday Express
Embrace the new every day
I can't believe it's 2026 - yet it seems like only yesterday that I said the same thing about 2025.
1 mins
January 04, 2026
Sunday Express
Wonder-haul! Oasis bank £8m a gig on reunion tour
OASIS were easily the top-earning British band last year, banking an average £8million per gig.
1 min
January 04, 2026
Sunday Express
A bird's Eye view for some as the Wolf Moon rises over London
THESE London Eye passengers were in the perfect spot for photos as the Wolf Moon loomed over the capital in clear conditions - a heated pod on the 443ft observation wheel.
1 min
January 04, 2026
Sunday Express
The Victorian serial killer you probably haven't heard of...
LUCY WORSLEY ON A MISSION
4 mins
January 04, 2026
Sunday Express
Voters predict an economy crash and Reeves to be out
BRITONS expect to be hammered with an income tax hike, are braced for a recession and think Rachel Reeves is likely to exit the Treasury before 2026 ends.
2 mins
January 04, 2026
Sunday Express
Enders legend Michelle blasts 'ageist' bosses in Hollywood
EASTENDERS icon Michelle Collins says that British soaps are far kinder to women and promote equality much better than the cut-throat industry in Hollywood.
2 mins
January 04, 2026
Sunday Express
Banishing of the barrister
BARRISTER Hugo admitted his fake sympathy failed as he was revealed as a baddie and kicked off the Traitors show.In a thrilling episode last night, the game climaxed with Hugo being banished after a highly charged round-table discussion between contestants.
1 min
January 04, 2026
Sunday Express
As Ever fans love the freebie Ma'am-alade!
FANS of the Duchess of Sussex's As Ever brand have bestowed a new title on her - Lady Marmalade.
2 mins
January 04, 2026
Sunday Express
Licence to Chill! Liz is all white in Bond bikini
LIZ Hurley started the new year in traditional fashion ... wearing bikini like Bond girl Ursula Andress.
1 min
January 04, 2026
Sunday Express
MY FRIEND VICTORIA WOOD
Ten years after the death of the comedy legend, her unique brilliance remains unrivalled. As a new documentary honours her entertainment evolution, writer JAMES RAMPTON, above, pays tribute to the star who instinctively 'got' ordinary people
7 mins
January 04, 2026
Translate
Change font size