- Twitter Inc. ( NYSE: TWTR ) is said to have hired law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue billionaire Tesla ( TSLA ) founder Elon Musk over his termination of the $44 billion deal.
- Twitter ( TWTR ) is targeting filing a lawsuit this week, according to a Bloomberg report, which cited people familiar. Musk is using law firm Quinn Emanuel Urquhart & Sullivan LLP.
- The news comes as Musk said late Friday he's terminating his $44B deal to purchase the social media giant. An SEC filing from Musk's advisers says that on Friday, they sent a letter to Twitter giving formal notification that he's terminating the merger agreement.
- Also see It's 'code red' time for Twitter as Elon Musk drops $44B deal.
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Twitter said to hire law firm to sue Musk over takeover termination