Tesla CEO Elon Musk was fast sufficient to react to a lawsuit filed towards him by Twitter for breaching the $44 billion (roughly Rs. 3,37,465 crore) contract.

Minutes after information surfaced on-line that Twitter has sued him, Musk took to the microblogging website and simply merely tweeted, “Oh the irony lol.”

Without mentioning something in regards to the lawsuit, It’s in some way clear that Musk has referred to the continued controversy, particularly contemplating that, again in April, Twitter reportedly didn’t even need to undergo with the deal.

As per The Verge, the lawsuit was filed in Delaware’s Court of Chancery on Tuesday, accusing Musk

“Twitter brings this action to enjoin Musk from further breaches, to compel Musk to fulfill his legal obligations, and to compel consummation of the merger upon satisfaction of the few outstanding conditions,” Twitter wrote within the lawsuit.

The lawsuit marks the start of what might be a protracted authorized battle as Twitter seeks to carry Musk to his deal to pay $54.20 (roughly Rs. 4,300) per share for the corporate.

Twitter, which is being repped by M&A powerhouse regulation agency Wachtell, Lipton, Rosen & Katz, alleged that Musk seemed for an escape from the deal, which required a “material adverse effect” or breach of contract.

“Musk had to try to conjure one of those,” the lawsuit said.

Musk introduced the termination of a $44 billion (roughly Rs. 3,37,465 crore) Twitter buy deal in a letter despatched by Musk’s crew to Twitter final week. Musk determined to droop the deal on account of a number of breaches of the acquisition settlement.

In April, Musk reached an acquisition settlement with Twitter at $54.20 (roughly Rs. 4,300) per share in a transaction valued at roughly $44 billion (roughly Rs. 3,37,465 crore). However, Musk put the deal on maintain in May to permit his crew to assessment the veracity of Twitter’s declare that lower than 5 % of accounts on the platform are bots or spam.

Back in June, Musk had overtly accused the microblogging web site of breaching the merger settlement and threatened to stroll away and name off the acquisition of the social media firm for not offering the information he has requested on spam and pretend accounts.

A number of days in the past, Musk ridiculed Twitter for initiating a authorized battle to power him to buy the corporate. Musk tweeted 4 pictures of him laughing, “They said I couldn’t buy Twitter. Then they wouldn’t disclose bot information. Now they want to force me to buy Twitter in court. Now they have to disclose bot information in court.”