If he thought the matter was over, he was sorely mistaken as Twitter’s chairman, Bret Taylor, was quick to announce that the board plans to pursue legal action to enforce the agreement. Just six days after Mr. Musk’s sent his attorney to Twitter, Twitter would reply in kind by formally launching a lawsuit against Musk in response to his backing out of the acquisition.
The game of acquisition chicken would go on for the next three months, with Musk even challenging Twitter CEO Parag Agrawal to debate him publicly on the subject of Twitter’s bot percentage and challenging him to “prove to the public that Twitter has <5% fake or spam daily users!” Unsurprisingly, Mr. Agrawal did not take him up on his offer.
