You can almost hear the sigh of relief at the social media platform when you see how much havoc Musk has wreaked on it over the last few days. Despite the shitshow, Twitter wants to move forward with the $44 billion sale to Musk and seems to be prepared to force him to honor the merger agreement.
CNN Business published a new look into the line of thinking on Wednesday morning. According to the outlet, it received a new statement from the board on Tuesday night in which it stated that it believes the merger agreement is in the best interest of all shareholders.
The Board and Mr. Musk agreed to a transaction. The agreement is in the best interest of all shareholders. The board said they intend to close the transaction and enforce the merger agreement.
According to CNN Business, the words "enforce the agreement" seem to imply that Twitter is ready to file a lawsuit against Musk to force him to follow through on the sale. If Musk walked away from the agreement, he would have to pay $1 billion.
The board's statement was confirmed by Gizmodo on Wednesday, but they had not heard back by the time of publication.
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