Twitter Wants to Force Musk to Buy It. But There's a Hitch

When Elon Musk decided to terminate his $44 billion deal to purchase Twitter, the social-media company sued in the Delaware Court of Chancery. The Delaware Court of Chancery found that the combination of contract terms and the difficulty in determining monetary damages made specific performance the...

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Veröffentlicht in:Barron's 2022-08, Vol.102 (31), p.54-54
1. Verfasser: Chatman, Carliss
Format: Artikel
Sprache:eng
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Zusammenfassung:When Elon Musk decided to terminate his $44 billion deal to purchase Twitter, the social-media company sued in the Delaware Court of Chancery. The Delaware Court of Chancery found that the combination of contract terms and the difficulty in determining monetary damages made specific performance the preferred remedy. [...]there's the question of whether monetary damages are inadequate. [...]while Twitter seeks to compel Musk to purchase the company, it is unlikely that a judge will grant such a remedy.
ISSN:1077-8039