<p>Billionaire entrepreneur Elon Musk moved to exit his planned $44 billion deal to buy Twitter on Friday, but the social media platform made it clear that there would be backlash.</p>
<p>According to a report from the Associated Press, shortly after Musk sent a letter — via his attorneys — stating that he was walking away from the deal, Twitter fired back.</p>
<p>&#8220;The chair of Twitter&#8217;s board, Bret Taylor, tweeted that the board plans to sue Elon Musk to complete the $44 billion merger he just rejected and that Twitter is &#8216;confident&#8217; it will prevail,&#8221; the outlet tweeted.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">BREAKING: The chair of Twitter&#39;s board, Bret Taylor, tweeted that the board plans to sue Elon Musk to complete the $44 billion merger he just rejected and that Twitter is &quot;confident&quot; it will prevail. <a href="https://t.co/TiwE4psu4j">https://t.co/TiwE4psu4j</a></p>
<p>&mdash; The Associated Press (@AP) <a href="https://twitter.com/AP/status/1545531396764082176?ref_src=twsrc%5Etfw">July 8, 2022</a></p></blockquote>
<p>&#8220;The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery,&#8221; Taylor tweeted.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.</p>
<p>&mdash; Bret Taylor (@btaylor) <a href="https://twitter.com/btaylor/status/1545526087089696768?ref_src=twsrc%5Etfw">July 8, 2022</a></p></blockquote>
<p>According to a <a href="https://www.cnbc.com/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter">report from CNBC</a>, the original agreement stated that Musk would pay $1 billion in the event that he backed out — but Twitter seems ready to call the billionaire&#8217;s bluff and demand that he follow through on the full $44 billion.</p>
<p>At issue — in addition to the percentage of Twitter users that may or may not be fake/&#8221;bot&#8221; accounts&#8221; — may be the fact that Twitter&#8217;s market value has declined considerably since Musk first brokered the deal. Individual shares when the bargain was first struck were $54.20, and at market close on Friday they were valued at $36.81.</p>
<p>Twitter stands to make money if the deal goes forward as planned — but Musk may see an opportunity to either get out of the deal altogether or to renegotiate and buy it at a lower price.</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Twitter Strikes Back After Elon Musk Walks Away From Deal

Conservatives Are Winning War Against LGBT Ideology, Major Poll Shows

WATCH: Trump Rips Into ‘Stiff’ Scott Pelley

How Spencer Pratt Would ‘Eliminate’ Gavin Newsom As A Presidential Candidate

Hunter Biden’s White House Cocaine Excuse Actually Tracks

Platner Campaign Threatened Female Staffer Who Exposed Sexual Deviancy

Vanilla Ice Blows Up The America 250 Boycott Narrative

News

Elon Musk

Lawsuit

Twitter

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News —

Twitter Strikes Back After Elon Musk Walks Away From Deal