the twitter board is planning legal action to force this agreement, coming from brett taylor, the chairmanr. a busy man, also the co-ceo of salesforce. he is on the board of twitter. and he is saying look, we will be fighting this, they intended to close the transaction at $54.20. they received the notice from musk may close this transaction. for all of us, this is bloomberg in new york. have a good weekend. psst. girl. you can do better. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill, over t-mobile, at&t and verizon. wow. i can do better. yes, you can. i can do better, too. break free from the big three and switch to xfinity mobile. >> the present private minister is a

. >> reporter: in a tweet, twitter board member brett taylor said twitter board is committed to closing the transaction on the price and terms agreed upon with musk, and plans to pursue legal action to enforce the merger agreement. he says they are confident twitter will prevail. professor -- compares the magnitude of mosques last- minute backup to roger ailes jumping ship at msnbc to take the helm at fox news in 1996. >> the creation of msnbc, then pulling out the last minute to jump over to fox news. that is kind of the last time i can think of something this massive happening, where audiences and those who report on the media world were so shocked. >> business and tech reporter scott budman says individual stockholders who have seen the values of their shares plummet during all this will likely join the twitter board in filing their own lawsuits against musk. >> if indeed the deal is off, it will likely go down far below that. these people have held onto their stock. they had money they were promised. i see they are going to line up to sue musk, and the s.e.c. will likely also get in

there could also be a legal fight twitter's chairman brett taylor put out this statement saying quote 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. today president biden signed an executive order to protect abortion rights two weeks after the supreme court overturned rovers's wade, the the order contains rights to ab and medication emergency contraception patient privacy and legal representation for both providers and recipients. we cannot allow an out of control supreme court. working in conjunction with extremist elements of the republican party to take away freedoms and our personal autonomy. in two weeks 14 states have banned access to abortion services and 12 more states are expected to follow suit president. biden says the best way to protect abortion rights vote for pro-choice legislators in the upcoming election in november. has been 13. 6 troops invaded ukraine report say russian forc

we are confident we will prevail in delaware court and this is just a tweet coming through from brett taylor it does look like they are prepared, they will not take that breakup fee and walk away happy, it sounds like they want the whole thing. now that we have that from the twitter board chair, does that change any of your thoughts on what twitter's move is here, if you are a shareholder, i assume you want to fight this, you want that bid. >> yeah, what, 35% above where it is trading right now? you certainly want that. i think one other interesting thing from elon, if he does end up paying the breakup fee, he has tesla stock at the beginning of this deal it is down more than 25%. it's an interesting wrinkle here and how he thinks about paying the breakup fee. >> mike, i think you're still there, i will throw this out to you, maybe you haven't prepared for this but as we are thinking about options for twitter moving forward, we talked a lot about what action you saw this week or today, any miss you could potentially make here when you're looking at options as we just wait this out? >> first

there could also be a legal fight twitter's chairman brett taylor put out this statement saying quotetter 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. today president biden signed an executive order to protect abortion rights two weeks after the supreme court overturned rovers's wade, the the order contains rights to ab and medication emergency contraception patient privacy and legal representation for both providers and recipients. we cannot allow an out of control supreme court. working in conjunction with extremist elements of the republican party to take away freedoms and our personal autonomy. in two weeks 14 states have banned access to abortion services and 12 more states are expected to follow suit president. biden says the best way to protect abortion rights vote for pro-choice legislators in the upcoming election in november. has been 13. 6 troops invaded ukraine report say russian forces are c

well, in responsegr, twitter's board chairman brett taylor said the company will pursue legal action. >> what a surprise and that the twitter board is committed to closing their transaction in terms agreedgr upon with mr. musk. here now for reaction, congressman in north carolina, senate candidate ted. but along with "new york post" columnist carol markowitz. >> good to see you.ist markowiz horseman since you have both, congressman, since you have the mba, let me start with you. the only people who are happy tonight are the lawyers as weye speak. >> they're there. they're buying porsches because they know this litigation is going to finance their lavish lifestyle for yearss to come. >> but doesn't it all come down to fraud where they're intentional misrepresentatio and false statements that lead to a materiall breach of the contract? >> what say you, greg? this is a forty four billion dollar deal with a billion breakup fee if there's not material reason. but elon musk thinks that theref is he's finding out that twitter, no surprise to us thats are conservatives is just not being trans

. >> twitters board chairman brett taylor tweeted in response that the twitter board is continued committedrms agreed upon and plans to pursue legal action to enforce the merger agreement. the price agreed, in april, was $54.20 a share. if he does back out, what potentially could happen? >> well, it looks like twitter is planning to sue him to force him to close the deal. this is likely. they will ask a complaint where they ask the court to declare they're not in breach and to order elon musk to fulfill his obligations. that is something delaware courts have done. this is not the first time a buyer has gotten cold feet and courts have ordered, no, you have to close. that is one possibility that they would force him to live up to his end of the deal. >> if you truly want out, would it better serve him to pay a $1 million fine to say, i am out, as opposed to going to court to allow twitter to pursue him? might he lose more by going to court than if he were to just say, i will pay the fine right now? >> he doesn't have the option of paying the fine. twitter will not accept that and that is not

i also don't think brett taylor and the board at twitter is going to say give us 1 billion but our stockillion. since you started playing this charade. >> and finally robert you know the thinking of some of these major huge billionaire business people who kind of played chess. it is a different world. what's goes on and his mind? i think of logan bright in that secession. they think of big things and say i want to get this company. and then they get in the muck. and look shoot just said it hurts his own stock at tesla that has been hit pretty hard by this. >> listen, elon musk in someway said he acted a bit like a bully. he put everything in the public domain as if he'd negotiated through twitter. i have incredible respect for him for what he has accomplished. i mean he is a genius for this generation. we don't have that many individuals that can go make 40 billion-dollar bid, you know even though end up getting some equity back. in my 40 years on wall street we have activists we have takeovers, usually there are other companies their private equity firms their venture firms. seldom are

in response to the filings, twitter's board chairman brett taylor said in a tweet, the company woulder. this is just the latest in the whirlwind relationship between the business titan and the tech giant with musk's first becoming the company's biggest shareholder and then turning down a board seat and finally agreeing to buy the social media platform before raising doubts about that deal. >> the u.s. food and drug administration has announced it is fully approved both pfizer and buy on tech covid vaccine for kids ages 12 through 15. this is the first covid vaccine approved for this age group. until now it had only been approved for emergency use because the fda was still testing the safety of the shot. the vaccine has been approved for anyone age 16 and older since last august. >>> attorneys for jeffrey ep stone ghislaine maxwell have filed an appeal for her conviction in the federal prison sentence. she was sentenced to 20 years to groom and sexually abuse underage girls. her attorneys have maintained her innocence since her 2020 arrest arguing she's a scapegoat for prescriptions i

in response to the filing twitter board chair brett taylor said in a tweet, the company would be pursuingerger. this is the latest in a whirlwind relationship between the business tech and giant and musk being the biggest shareholder and turning down a board seat and finally agreeing to buy the platform before raising doubts about the deal. >>> the food & drug administration says it's fully approved vaccines for kit kids 12-15. until now it's only been approved for emergency use. the vaccine has been approved for anyone age 16 and older since last august. >>> attorney for ghislaine has filed a response. maxwell's attorneys have maintained her innocence since the 2020 arrest, arguing she's been a scapegoat for prosecutors in the wake of epstein's 2020 sui suicide. >>> the man charged with killing seven and injuring dozens others in highland, we have joey jackson. here's the timeline. in april of 2019, police rushed to the suspect's home because he attempted suicide. a few months later in september he apparently tells people he's going to kill his entire family. police respond to that, but

so you had twitter's chair, brett taylor, confirming that over twitter.ol, if you're bringing up the graphic. so there's three causes here, three grounds that musk said he terminated the deal on. they failed to provide the real number of fake accounts, they weren't cooperative and fired executives without asking him. twitter said you don't own the company. we've been very cooperative giving you this data dump of information and we've been cooperative. you've causeder repairable harm, that was not up for sale until you went through the 9% stake. >> martha: i go through my mind when he wanted to buy twitter and everybody was horrified. oh, no, he's going to take over the company. he said he wanted there to be more freedom of speech on it. no, no, no, everybody is horrified what are we going to do if twitter is owned by elon musk? now they're trying to force him to pay for the deal. looks like this -- we were talking in the break. the lawyers and the invest meant bankers are excited. this will cost a ton of money and take a lot of time. >> does he buy it or

so brett taylor, here's what he tweeted out, the chairman of twitter's board of directors, long story short, saying we are going to win this in the delaware court of chancery. one wedge issue, twitter reporting fewer than 5% of its users were fake or spam focused. but musk says that number may not be accurate and says the statements are either false or materially misleading. legal experts say this is going to be an elongated somewhat painful court battle, and for musk there is a breakup fee of $1 billion minimum. the price for elon musk to walk away, one point worth noting, though, is that the court could actually force musk in certain circumstances to buy the company. that's why there's going to be a lot of legal wrangling. >> yeah, a big fight ahead. >> we'll have to watch to see how it plays out. >> oh, yeah. >> thanks, deidre. >> sure. >>> now, to some of the final farewells for the victims of that mass shooting at a fourth of july parade in highland park. the community gathering for the first funerals and memorial services for those who lost their lives. abc's alex perez has the

for their part, twitter's board chairman brett twi taylor says i want the deal and i'll sue to enforce it. that's for musk. well, he's accusing the sociala media platform of a bit of trickery, quote, sometimes twitter has ignored mr. musk request this according to his. lawyers. sometimes it's rejected him for reasons that appear to be unjustified and sometimes its claimts to comply when well, as you see there, while giving t mr. musk incomplete or sometimes unusable information. furthermore, ir musk is accused the company of making movesch without his consent, which in his team's opinion constitutes a material breach of contract g and in case you're wondering, very next stop, you guessed it, probably court, which means bring your checkbooks, tucker workforce, thanks so much. meba. free speec all of us are still praying for our free speech rights to be returned to. well, you may have heard abouthe maybe have seen t the show the terminal and all the critics love it. the viewers definitely do. rotten tomatoes critics cause 40% the audience score is ninety 5% and that's always the best pos

happen and we'll game it out in just a bit in the different scenarios but we have twitter's chair, brett taylored a strong law firm to represent them, musk mocking twitter's threat overnight, that's going to court will actually make twitter disclose their bot info in court. i think that's important, because i was looking into those in silicon valley and they say that the discovery process in any prolonged court battle, it's not going to be good for either twitter or musk, obviously. now, this bot issue, not new. its been around for at least three years. short-term it seems like it's all negative for twitter stocks so wedbush, as you had on, says bear case is 25 which i still think is optimistic so let's game this out and i'd love to hear what you think is well might happen, i guess the best case scenario because it's all bad for twitter short-term, i think. so -- stuart: okay my opinion is twitter is not a very well run company, its prospects in the future are not very good. if you withdraw the offer, from musk, you withdraw the money, twitter stock goes down, it's at $33 right now, and a protr

bianca austin is an aunt of breonna taylor, who was shot and killed by police officer brett hankison in her own home in louisville, kentucky, in 2020. also arrested was jacob blake sr., whose son was left partially paralyzed after he was shot by police in kenosha, wisconsin, in 2020. >> to take a stand because enough is enough. if this was white america and a white in smoke. but because he is brown and looks like me, 60 shots -- what did he do to provoke? nobody can provoke someone to shoot them 60 times. no one. amy: a federal judge has sentenced former minneapolis police officer derek chauvin to 21 years in prison for violating the civil rights of george floyd. as part of a plea agreement, chauvin also pleaded guilty to violating the civil rights of john pope jr., a black teen who was just 14 years old in 2017 when chauvin grabbed him by the throat, hit him repeatedly in the head with a flashlight, and pressed his knee into the boy's neck while he was prone, handcuffed, and not resisting. derek chauvin will now be moved to a federal prison to serve his sentences concurrently with h