The chairman of Twitter’s board vowed the company would take legal action after Elon Musk said he was dropping his bid to acquire the social media platform on Friday. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery,” the chairman, Bret Taylor, tweeted. A lawyer representing Musk sent a letter to Twitter’s top lawyer, Vijaya Gadde, indicating Musk would be dropping his bid to buy Twitter, according to a Securities and Exchange Commission (SEC) filing. “...Twitter is in material breach of mul
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