Elon Musk's $44 bn Twitter buyout challenged in shareholder lawsuit: Report


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Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025, Reuters report said. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders to support the buyout, the report said.