(Video Credit: Fox News)
The Five’s co-host Judge Jeanine Pirro predicted that Elon Musk will wind up purchasing Twitter for much less than originally offered after the platform’s number of bots and fake accounts are exposed in court.
She made her comments on Monday after Musk announced that he was pulling out of the multi-billion deal and Twitter subsequently said “we’ll see you in court.”
“I don’t know who has the upper hand here. We have heard for a long time that Twitter has failed to respond to repeated requests for information about the number of bots. They say 5%… Elon Musk thinks it’s more than that. In addition to that, apparently, Twitter is taking actions that they shouldn’t be taking by firing people that they needed Elon Musk’s consent to actually fire. In addition, he relied, that’s Elon Musk, relied, to his detriment, on their promise that there were only 5% of the company was bots,” Pirro noted.
“So I don’t think Twitter is in a really strong position, so then the question is, people are saying ‘Elon Musk could go to jail.’ Someone said that on one of the business channels. They are saying contempt of court if he does not follow the judge’s call, but then the question is, the bigger issue is — I know — can they be forced to actually make Elon Musk buy the company if he doesn’t want to?” she continued.
(Video Credit: CNBC Television)
“So what’s going to happen is there’s going to be a negotiation, and I think Elon Musk will end up buying it unless he’s lost interest in it, and he’s going to buy it for a lot less than what he offered,” Pirro added.
Musk tweeted on Sunday a meme of himself smiling and laughing hysterically over Twitter’s actions.
“They said I couldn’t buy Twitter,” the meme began. “Then they wouldn’t disclose bot info. Now they want to force me to buy Twitter in court. Now they have to disclose bot info in court.”
— Elon Musk (@elonmusk) July 11, 2022
Then he posted a tweet that invoked Chuck Norris staring down a chess board full of black pieces with one white pawn left. Musk captioned the tweet, “Chuckmate.”
— Elon Musk (@elonmusk) July 11, 2022
Musk filed documents with the SEC on Friday that gave notice of his pulling out of the deal. He accused the social media platform of misrepresenting the number of spam bots and fake accounts on Twitter.
“It appears that Twitter is dramatically understating the proportion of spam and false accounts represented in its [user] count,” Musk’s attorneys wrote on Friday. “Preliminary analysis by Mr. Musk’s advisors of the information provided by Twitter to date causes Mr. Musk to strongly believe that the proportion of false and spam accounts included in the reported user figures is wildly higher than 5%.”
On Sunday, Twitter retained a legal team from New York-based Wachtell, Lipton, Rosen & Katz LLP and is now in the process of filing a lawsuit in Delaware against Musk, according to the Washington Examiner.
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.
— Bret Taylor (@btaylor) July 8, 2022
“The purported termination is invalid for the independent reason that Mr. Musk and the other Musk parties have knowingly, intentionally, willfully, and materially breached the agreement … Twitter will continue to provide information reasonably requested by Mr. Musk … and to diligently take all measures required to close the transaction,” a statement from Twitter’s attorneys contends.
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