- Twitter Inc. (NYSE:TWTR) is said to have hired law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue billionaire Tesla (TSLA) CEO Elon Musk over his termination of the $44 billion deal.
- Twitter (TWTR) is targeting filing a lawsuit early 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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