News > Shareholder sues Elon Musk, Twitter over $44 billion takeover

Shareholder sues Elon Musk, Twitter over $44 billion takeover

India Today | 07/05/2022 09:03 AM | Click to read full article

Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025.

In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders.