The board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk The Delaware Court of Chancery is where we are confident we'll win. The potential deal for the sale of the company was terminated by Musk just as he was about to take over. The social media company has not complied with its contractual obligations according to Musk's lawyer. According to the side of the man. The company didn't give the business information that the CEO wanted, but he wanted to look into the company's claims about fake accounts before a deal could be made. The stock tanked in pre-market trading after Musk said he was pulling the plug on his deal. One suggestion was that he wanted to make executives at the platform sweat and get a better deal, while another was that he was going to end his deal with the platform. Originally published at 2:51PM.
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