Which of the following companies has taken legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a $44 billion takeover deal in July 2022

Correct option is B

The correct answer is Twitter. In July 2022, Twitter sued Elon Musk after he decided to back out of the $44 billion takeover deal. The company argued that Musk was legally bound to complete the purchase.

Information Booster:

1. Elon Musk’s offer to buy Twitter for $44 billion was announced in April 2022.
2. Musk later attempted to cancel the deal, citing concerns over fake accounts or "bots."
3. Twitter argued that Musk’s reason for withdrawal was unjustified and sought legal intervention.
4. In October 2022, Musk eventually completed the deal and became Twitter’s owner.
5. The deal marked one of the largest technology acquisition transactions.
6. Musk’s ownership led to several changes, including rebranding Twitter to X.

Additional Knowledge:

• WhatsApp: A messaging app owned by Meta (Facebook).
• Google: A tech giant primarily known for its search engine and digital services.
• TikTok: A video-sharing platform owned by Chinese company ByteDance.
• Twitter (X): A social media platform that underwent significant structural changes post-Musk takeover.

Key Points to Increase Knowledge:

1. The takeover deal raised global debates on corporate governance.
2. Elon Musk’s Twitter acquisition reflected his influence in both tech and business sectors.
3. The deal involved legal confrontations between Musk and Twitter.