Twitter shares fell almost 7 per cent in pre-market trading on Monday following Elon Musk's decision to pull the plug on his $44 billion offer to acquire the social media company.
The company's stock closed 5 per cent lower at $36.81 on Friday, its lowest close since May 24, as Mr Musk withdrew from the deal owing to lack of information on spam activity, a filing with the US Securities and Exchange Commission showed.
He responded in typical fashion on Monday to potential legal action from Twitter, posting a meme on the platform showing him laughing increasingly through various stages of his failed deal, with his seemingly funniest moment coming if Twitter has to disclose bot, or spam account, data in court.
His offer in April at $54.20 per share was eventually approved after Twitter "committed" to the deal, with terms including a $1bn breakup fee if the merger did not go through.
Twitter responded on Friday with a short statement, saying: "We are committed to closing the transaction on the price and terms agreed upon with Mr Musk and plan to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery."
Twitter has hired law firm Wachtell, Lipton, Rosen & Katz to sue Mr Musk and force him to complete the deal, according to Bloomberg. The microblogging site aims to file a legal suit early this week, it said, citing people familiar with the matter.
Twitter said last week that it removes a million spam accounts each day, and reiterated that they were well below 5 per cent of users who are served advertising.
However, in May, a study by Israeli cyber security company Cheq found that up to 12 per cent of visits to Twitter were from bots.
Some Twitter influencers have claimed that Mr Musk's decision to pull out of the deal may have just been a manoeuvre for him to sell $8.5bn in Tesla stock options that were about to expire.
Drishyam 2
Directed by: Jeethu Joseph
Starring: Mohanlal, Meena, Ansiba, Murali Gopy
Rating: 4 stars
Primera Liga fixtures (all times UAE: 4 GMT)
Friday
Real Sociedad v Villarreal (10.15pm)
Real Betis v Celta Vigo (midnight)
Saturday
Alaves v Barcelona (8.15pm)
Levante v Deportivo La Coruna (10.15pm)
Girona v Malaga (10.15pm)
Las Palmas v Atletico Madrid (12.15am)
Sunday
Espanyol v Leganes (8.15pm)
Eibar v Athletic Bilbao (8.15pm)
Getafe v Sevilla (10.15pm)
Real Madrid v Valencia (10.15pm)
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
More from Rashmee Roshan Lall
How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
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PREMIER LEAGUE FIXTURES
All kick-off times UAE ( 4 GMT)
Saturday
Liverpool v Manchester United - 3.30pm
Burnley v West Ham United - 6pm
Crystal Palace v Chelsea - 6pm
Manchester City v Stoke City - 6pm
Swansea City v Huddersfield Town - 6pm
Tottenham Hotspur v Bournemouth - 6pm
Watford v Arsenal - 8.30pm
Sunday
Brighton and Hove Albion v Everton - 4.30pm
Southampton v Newcastle United - 7pm
Monday
Leicester City v West Bromwich Albion - 11pm
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%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
Killing of Qassem Suleimani
MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
MATCH SCHEDULE
Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)
Liverpool v Roma
Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)
Europa League semi-final, first leg
Thursday, April 26
Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)
