Legal
What If Musk Is Ordered to Do Twitter Deal and He Just Says No?
- Court could fine him, appoint receivers, enable asset seizure
- Musk claims social media company breached terms of acquisition
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Imagine: Elon Musk, known for his delight in defying authority, is ordered to move ahead with his $44 billion purchase of Twitter Inc. -- and refuses.
It’s an unusual scenario, but one in which the court would have tools to enforce its orders. It could slap an epic fine on Musk, appoint receivers to get the deal done or even enable the seizure of his assets. Twitter sued Musk on Tuesday to force him to consummate the acquisition after he pulled out.