Leading social media platform Twitter refuted, on Thursday, Elon Musk’s claims about being “hoodwinked” into his deal to buy the company.
The company said: “According to Musk, he – the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers – was hoodwinked by Twitter into signing a $44 billion merger agreement.”
“That story is as implausible and contrary to fact as it sounds.”
Last week, the billionaire filed a countersuit to defend himself against Twitter’s accusations of Musk who stepped back from the company’s takeover bid.
The company responded: “The counterclaims are a made-for-litigation tale that is contradicted by the evidence and common sense.”
Leading social media platform Twitter previously announced that the company will hold a meeting with the shareholders on September 13 for voting on the takeover bid by Tesla CEO Elon Musk.
The plan of the company was somehow on hold due to the legal dispute between the company and Musk who terminated the offer.
During the meeting, the shareholders will vote on a proposal to approve the offer of Musk to have the company.
It is worthy to mention that Twitter recorded a $270 million loss on Friday after its revenues fell by 1% in the second quarter of 2022 to reach $1.8 billion.
The loss of the platform came despite the rise in users by 16.6% as the performance of the platform was somehow impacted by the long negotiations between the company and Tesla CEO Elon Musk.
Early this week, Twitter gained an early victory in its legal battle with SpaceX and Tesla CEO Elon Musk as a Delaware judge scheduled the trial in October.
Musk previously asked the court to delay the trial to begin in February 2023, unlike the leading social media platform which asked for a near trial.